Search Site

Trends banner

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Food prices declined in October, says Jordan trade minister

World cereal stocks by the close of the 2024 seasons are predicted to stand at 884 million tonnes.
  • The minister attributed the decline to falling oil prices and its impact on production and transport costs.
  • He said that the fall in the prices of food is also due to measures taken by the government.

AMMAN, JORDAN – Jordan Minister of Industry, Trade and Supply and Minister of Labor Yousef Shamali said Monday that food prices in the local market declined last month as global prices fell and also as a result of government measures.

In a statement, the minister also attributed the decline to falling oil prices and its impact on production and transport costs.

He said that the ministry is closely monitoring the local market and changes in global prices as it imposed controls to ensure adherence to the industry and trade law and regulatory legislation.

In a comparative study, the ministry found that the prices of 144 food items remained stable or had dropped in October, compared with September, with the prices of 68 commodities decreasing, including vegetable oil by six percent, meat and poultry by eight percent, rice by 4.5 percent and sugar by 3.5 percent.

The prices of vegetables also declined while those of 76 other commodities, including dairy products, remained stable, it said.