Scrolling news:

India: Rights groups decry release of 11 convicts in gang rape of Muslim woman, murder case

Pakistan: 20 killed in bus-tanker collision in northeast

Egypt: 41 dead in fire at Coptic church west of Cairo

Tunisia: Tunisian preacher stirs controversy over verses regarding ‘coup’

‘News is not good’: Rushdie’s agent says after author attacked on stage in New York

Greece: Dep Speaker of Parliament advocates ‘necessity’ of spying on country’s Turkish Muslim MPs

Jammu & Kashmir: 3 Indian soldiers, 2 Kashmiri militants killed in shoot-out

Palestine: Four Palestinians killed by Israeli forces in West Bank

Afghanistan: 8 killed, 18 injured in ISIS bombing at Muharram gathering

Palestine: 44 Palestinians killed incl 15 children by Israeli bombing of Gaza civilian areas

Palestine: 29 Palestinians killed, incl 6 children by Israeli indiscriminate bombing in Gaza

Palestine: Israel bombs Gaza in unprovoked attack killing 15 incl 5-year-old child

Morocco, Israel agree to enhance security cooperation

UN blames Israel’s ‘coercive measures’ for Palestinian displacements

French gov’t takes flak over deportation decision against well-known imam

Palestine: Palestinian shot dead by Israeli forces in West Bank

Lebanon: Hezbollah warns Israeli gas drilling vessels within range of its missiles

Bangladeshi nationals easy targets of human trafficking gangs

Pakistan: 25 killed in rain-related accidents in 2 days as monsoon wreaks havoc

Palestine: Israeli settlers seize Palestinian home in Hebron

Wheat prices in Africa up 60% due to Russia-Ukraine war: AfDB

27th Apr 2022
Wheat prices in Africa up 60% due to Russia-Ukraine war: AfDB

By James Tasamba

KIGALI, Rwanda (AA): The Russia-Ukraine war has disrupted wheat exports, driving wheat prices up by 60% in Africa, the president of the African Development Bank (AfDB) said Tuesday, warning that the continent will lose up to $11 billion worth of food due to the conflict.

“Already, the price of wheat has gone up about 60%. Maize and other grains will also be affected. There may be a fertilizer crisis, as there would be about a 2 million metric ton deficit. And that will affect food production by about 20%,” said Akinwumi Adesina, speaking in the Nigerian capital Abuja.

Meeting with Nigerian President Muhammadu Buhari, Adesina said the war has created global problems but particularly for Africa, which imports a huge percentage of its food from Russia and Ukraine.

Economists say that while the Ukrainian war was a big shock to the international market, it offers lessons for countries to avoid heavy reliance on wheat imports.

Russia and Ukraine are major suppliers of wheat in Africa. But since the war erupted on Feb. 24, supply chains have been interrupted, triggering unprecedented price hikes.

Besides wheat, global prices of sunflower oil and crude oil have been soaring.

The Maghreb countries alone rely on Russian and Ukrainian wheat, with imports accounting for more than 50% of their needs, according to official data.

The AfDB plans to help farmers in Africa cultivate wheat, maize, rice sorghum and soybeans to avert a food crisis on the African continent while mitigating the impact of the Russia-Ukraine conflict, Adesina said, according to a statement.

Warning that Africa will lose up to $11 billion worth of food due to the conflict, he said the AfDB has developed a $1.5 billion Africa Emergency Food Plan, which is pending approval by the bank’s top management.

Global food prices rose by 13 per cent to a new high last month, as the war in Ukraine caused turmoil in grain and oil markets.

The price of cereals, including wheat and coarse grains, rose by 17.1 per cent in March, according to the UN, while the price of vegetable oils jumped by 23 per cent.

Additional report by The Muslim News

[Photo: Russian President Vladimir Putin (L ) and United Nations Secretary-General Antonio Guterres (R) meet in Moscow, Russia, to discuss Ukraine-Russia war on April 26, 2022. Photo :Kremlin Press Service/AA]

Leave a Comment

What is 10 + 8 ?
Please leave these two fields as-is:
IMPORTANT! To be able to proceed, you need to solve the following simple math (so we know that you are a human) :-)

Over 120 people attended a landmark conference on the media reporting of Islam and Muslims. It was held jointly by The Muslim News and Society of Editors in London on September 15.

The Muslim News Awards for Excellence 2015 was held on March in London to acknowledge British Muslim and non-Muslim contributions to the society.

The Muslim News Awards for Excellence 2015 was held on March in London to acknowledge British Muslim and non-Muslim contributions to the society.

The Muslim News Awards for Excellence event is to acknowledge British Muslim and non-Muslim contributions to society. Over 850 people from diverse background, Muslim and non-Muslim, attended the gala dinner.

Latest Tweets

Betboo Porno izle Mobile porn hilesi