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Food prices rose in January, and has become stronger for vegetable oils and sugar, the United Nations food agency said on Thursday.
The Food and Agriculture Organisation’s food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 164.8 points last month against 161.8 in December.
In spite of the rise, the index was still 2.2 per cent below its January 2018 level.
The FAO dairy price index jumped 7.2 per cent from December’s value, ending seven months of declines.
FAO said limited export supplies from Europe, caused by strong internal demand, was the main driving force behind the increase.
FAO’s vegetable oil price index rose 4.3 per cent from the previous month, while its sugar index rose 1.3 per cent and its cereal index made marginal gains on December.
The meat price index was largely unchanged.
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FAO lifted its latest world cereal production forecast for 2018 to 2.611 billion tonnes, slightly higher than the December reading, reflecting upward revisions for maize, wheat and rice.
“Much of the projected growth is associated with expected increases in Europe, where beneficial weather has so far shored up yield prospects while also sowings are forecast to expand, largely driven by attractive prices,” FAO said.
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The EatnGo 100: N100 can get you a box of pizza, a cup of Cold Stone ice cream or a swirl of pinkberry frozen yoghurt!
#EATNGO100 – the promo you can’t resist! Who would have thought that your 100 naira could get you the delicious treats that you absolute love!
In celebration of the launch of Eat’N’Go’s 100th store, the master franchisee for the three world-class food brands in Nigeria – Domino’s Pizza, Cold Stone Creamery and Pinkberry Gourmet Frozen Yoghurt, has unveiled this unbeatable promo that will have you feeling 100% all the way!
From now till the 13th of June 2019, the QSR brand will be offering its delicious snacks at 100 Naira each to the first 100 customers to enter their stores nationwide.
Imagine all the hot, cheesy, delicious pizzas; the creamy, delectable ice creams, or the light and refreshing, tasty frozen yoghurt treats you can enjoy for just 100 Naira each! Sounds unbelievable right?
All you have to do is be one of the first 100 people to walk into any of the Domino’s Pizza, Cold Stone Creamery and Pinkberry Yoghurt stores nationwide, with only N100 and leave with 100% delight with your yummy treat!
With the launch of its 100th store, Eat’N’Go is running this promo to give back to all its amazing customers for the spectacular journey thus far!
Who else is ready to join the queue in front of your nearest outlet and be one of the first 100 people to be at the stores???
See you there! Meanwhile, you can stay ahead of all Eat’N’Go’s offers and freebies across their social media pages – @Coldstonecreamery_Nigeria, @PinkberryNigeria and @Dominosng!
Terms and conditions apply. Offer is limited to just an item per person.
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Jamie Oliver restaurant to leave 1.300 jobs at risk.
Celebrity chef Jamie Oliver has said he is “saddened” after his restaurant group went into administration, putting up to 1,300 jobs at risk.
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The group, which includes the Jamie’s Italian chain, Barbecoa and Fifteen, has appointed KPMG as administrators.
In total, 25 restaurants are affected by the move, 23 of which are from the Jamie’s Italian chain.
Mr Oliver said: “I appreciate how difficult this is for everyone affected.”
Jamie Oliver’s Fifteen Cornwall at Watergate Bay, which operates under a franchise, is unaffected, as are overseas branches of Jamie’s Italian.
Mr Oliver added: “I would also like to thank all the customers who have enjoyed and supported us over the last decade, it’s been a real pleasure serving you.
We launched Jamie’s Italian in 2008 with the intention of positively disrupting mid-market dining in the UK High Street, with great value and much higher quality ingredients, best-in-class animal welfare standards and an amazing team who shared my passion for great food and service. And we did exactly that.
Restaurant closures had not been officially announced on Tuesday afternoon, but notices in the windows of some branches said they had already closed.
The Unite union said the development was a “devastating blow for the chain’s hardworking and loyal workforce”.
“Restaurants are not being helped by the current economic uncertainty, although those businesses like Jamie Oliver’s that dashed for expansion in recent years seem particularly precarious. As ever, it is the workers at the restaurant and in the supply chain who bear the heavy cost of boardroom decisions.”
The union also asked for assurances assurances that staff will be “protected and paid all the money they’re owed, including wages, holiday and redundancy”.
“Faced with higher rent, rising food prices and increased competition, restaurants need a point of difference – it’s no coincidence that smaller brands with the freedom and flexibility to keep things fresh are currently the ones performing well.”
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