Countries with cheapest food in the world (see Nigeria's position)

Food is an essential commodity of life, we cannot live without it. The most unfortunate thing is while it is indispensable, many around the world cannot afford the most basic meal to keep themselves going.

So, the question then becomes, how much is a basic meal really worth around the globe? The World Food Programme (WFP) answers that question by saying it costs 0.6% of the daily income in New York, USA, or $1.20.

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The report by WFP also added that developed countries have the world’s most cheapest food around the world with their citizens spending just a tiny bit of their income on food but the underdeveloped countries are not so lucky.

In a country like war-torn South Sudan, food price is very high, costing 300 times than what it goes for in industrialised countries. It is the reason humanitarian agencies are there.

Peru is the second country that has the cheapest food in the whole world at $3.44, while Laos, Jordan and Columbia follows at the third, fourth, and fifth position with $3.70, $3.89, and $4.41 respectively.

Below are the first top 10 countries with very cheap food in the world:

1. United States

2. Peru ($3.44)

3. Laos ($3.70)

4. Jordan ($.3.89)

5. Columbia ($4.41)

6. Guatemala ($4.48)

7. Bolivia ($5.86)

8. Egypt ($5.91)

9. Iran ($6.51)

10. Bangladesh ($6.86)

In Africa, Egypt is the first on the ranking and eighth in the world as a plate of food goes for $5.91. Iran with its many economic sanctions has a cheap basic food of $6.51.

Nigeria is in the second place with the most expensive food in the whole world with nearly as 60% of household income spent on food at $222.05.

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Recall that Legit.ng earlier reported that the new minimum wage of N30,000 can hardly afford a balanced diet for a month as eating a nutritional food takes more than half of the pay.

It was gathered that it is not unconnected with the fact that the purchasing power in the country is low and shopping for a basket filled with basic items like bread, milk, rice, eggs, cheese, meat, and vegetable, one will have to pay around N31,536.

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Source: Legit.ng