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Bessent says ‘substantial’ moves coming to cut prices of coffee, bananas
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U.S. Treasury Secretary Scott Bessent said Wednesday the Trump administration will announce measures in the coming days aimed at quickly lowering prices on imports such as coffee and bananas, following months of tariff-driven cost pressures.
Bank Indonesia through the National Strategic Food Price Information Center reports a Rp50 per liter increase in bulk cooking oil prices to Rp19.100 per liter. Beef prices for quality I rose Rp100 per kg to Rp144.500 per kg, while quality II increased Rp250 per kg to Rp136.850 per kg. The report covers various other strategic food commodities as of March 3, 2026.
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In Nigeria, the prices of staple foods like rice, maize, and beans have increased as Ramadan begins, according to reports from various regions.
Galunggong prices in Metro Manila reached P335.99 per kilo in the last week of October, at least 20 percent higher than last year's P277.11. Officials attribute the surge to lackluster production and minimal imports. This rise worries many families who rely on the 'poor man's fish' for daily meals.