Africa’s wheat import bill hits $20 billion annually

Published 2024년 2월 7일

Tridge summary

The ongoing conflict between Russia and Ukraine has significantly disrupted Africa's wheat and fertilizer supply, leading to substantial financial implications, says Solomon Gizaw, Head of TAAT Clearinghouse at Technologies for African Agricultural Transformation (TAAT). Africa, which spends nearly $20 billion annually on wheat imports primarily from these two countries, has the potential to achieve food security through unity and collaboration. Gizaw also highlighted the existence of high-yielding wheat varieties in Africa that could boost productivity. The African Development Bank is currently partnering with the Nigerian government to expand wheat production.

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Original content

Solomon Gizaw, Head of TAAT Clearinghouse at Technologies for African Agricultural Transformation (TAAT), conveyed this information to stakeholders during a workshop on wheat seed production in Nigeria. He said that African nations were bearing the brunt of the crisis with a huge financial impact, Independent newspaper reported. What Gizaw said: “The fight between Russia and Ukraine impacted the whole of Africa. You can imagine, two countries fighting elsewhere in Europe but the fight has caused a lot of supply disruption because we Africans are the major importer of wheat across the continent. Which means we don’t have food security as our food security is in the hands of the others.” “Africa around this time annually spends nearly $20 billion to import wheat from another part of the world. They import fertilizer and wheat from Ukraine and Russia and as a result, the war between the duo has disrupted the supply of wheat and also fertilizer. This resulted in the African countries ...

Source: UkrAgroConsult