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The Malagasy (Madagascar) government has frozen the prices of several essential products, such as sugar, flour, rice, oil, gas, and cement. This is in response to the soaring prices of these commodities. The government has decided to make available imported products at lower rates in order to soften the price hike
The Malagasy (Madagascar) government has frozen the prices of several essential products, such as sugar, flour, rice, oil, gas, and cement. This is in response to the soaring prices of these commodities. The government has decided to make available imported products at lower rates in order to soften the price hike.
The Covid crisis and now the war in Ukraine is posing great difficulties for workers, particularly for transit workers. Not only the fuel prices but also of cost availing basic necessities are increasing. According to the UN agency -FAO estimates inflation would creep up further. Energy costs coupled with maritime freight costs will cause the cost of food products to upend, FAO feels.
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Countries like Madagascar, which are import-dependent are most vulnerable to price rises and are threatened with an unprecedented food crisis.
