AMMAN — A recent World Bank report said that Jordan
was the least affected Arab country by global food inflation, the Jordan News
Agency, Petra.
اضافة اعلان
According to the data, Jordan's
food inflation rate, which
was 3.5 percent, came last after Libya, Oman, Saudi Arabia, Qatar, Iraq,
Kuwait, Bahrain, Algeria, Tunisia, Mauritania, Morocco, and Egypt, while
Lebanon came in at the top in terms of food price inflation, with a rate of
203.2 percent.
Food security is one
of Jordan's main focuses; last year, the National Strategy for Food Security
(2021–2030) was launched alongside the National Plan for Sustainable
Agriculture (2022–2025).
Jordan imports about $4 billion worth of food annually, part
of which is raw materials for industry, and the rest is ready for consumption,
according to the Jordan Chamber of Commerce.
The National Strategy for Food Security is an implementation
of His Majesty King Abdullah's directives to turn Jordan into a regional hub
for food security.
The World Bank said that food prices decreased in the third
quarter of 2022 but are expected to remain high according to historical
standards.
The
World Bank's food price index fell 12 percent in the
third quarter of 2022 after reaching an all-time high in
April, but remains nearly 20 percent higher than it was a year ago.
It explained that food prices are still high due to the
devaluation of local currencies. It is expected that those prices will decrease
by 5 percent in 2023 before starting to stabilize in 2024, explaining that
despite the expected declines, most prices will remain high by historical
standards.
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