Infographics: How Africa can grow out of its dependency on imported cereals – The Africa Report

By Marie Toulemonde
Posted on Monday, 9 May 2022 22:57
The uncertainty created by the war in Europe has caused an unprecedented surge in the price of cereals, of which Ukraine and Russia are among the main exporters to the continent. What impact will Washington’s oil embargo have on Moscow? What if Brussels follows? Due to the lack of visibility, the international markets panicked and prices soared.
On 7 March, the price of a tonne of soft wheat on the futures market reached €422.50, more than double the price of what it had been a year earlier. This is a disaster in the making for Africa, which is consuming more and more imported grain, especially since inflation is back.
READ MORE Inflation is coming back to Africa, and it’s not going away
Your browser could not fetch this story
If you are reading this message your browser has Javascript disabled. Please enable Javascript in order to access to this story.
Give yourself a headstart:
Get full access to The Africa Report on all your devices.

Dangote Cement will turn in a strong 2022 full-year performance, with high pricing set to compensate for weak volumes in the first quarter, according to new research from Chapel Hill Denham in Nigeria.
The clear progression of Moroccan banks in the West African Monetary and Economic Union (UEMOA) means they are subject to heavier constraints, in an ambience of heightened competition.
Kenya is set to receive another $244m (KSh28bn) from the IMF in a loan deal laced with tough conditions that will see its citizens grapple with hard-hitting structural reforms and prompt job losses.
Two years after the failure of its merger with Boeing, Brazilian manufacturer Embraer is redoubling its efforts to sell its sub-150 seat aircraft, which it believes are better suited to the continental market.