{"id":187414,"date":"2022-05-13T06:24:23","date_gmt":"2022-05-13T05:24:23","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=187414"},"modified":"2022-05-13T06:24:37","modified_gmt":"2022-05-13T05:24:37","slug":"russia-ukraine-war-bread-now-too-costly-for-many-africans-says-akinwumi-adesina","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2022\/05\/13\/russia-ukraine-war-bread-now-too-costly-for-many-africans-says-akinwumi-adesina\/","title":{"rendered":"Russia-Ukraine war: Bread now too costly for many Africans, says Akinwumi Adesina"},"content":{"rendered":"

President of the African Development Bank (AfDB) has stated that many Africans can no longer afford bread due to food price increases caused by the Russia-Ukraine war.<\/p>\n

According to him, wheat and corn exports from Russia and Ukraine make up a vital part of the continent\u2019s food supply.<\/p>\n

This was stated on Wednesday by\u00a0Adesina at a meeting with the United States senate appropriations subcommittee on state and foreign operations.<\/p>\n

\u201cThe magnitude of food price increases and trade disruptions caused by the Russian-Ukraine conflict have hit Africa harder than other developing regions,\u201d he said.<\/p>\n

\u201cThis is threatening to topple the continent\u2019s food systems already stressed by the COVID-19<\/a> pandemic.<\/p>\n

\u201cUkraine exports 40% of its wheat and corn to Africa. According to the United Nations, 15 African counties import more than half of their wheat, and much of their fertilizers and oil from Ukraine and Russia.<\/p>\n

\u201cAs the Russia-Ukraine conflict rages, Africa is also dealing with a 30-million metric ton loss of wheat and corn that won\u2019t be coming from Russia.<\/p>\n

\u201cThe cost of bread is now beyond the reach of many Africans.\u201d<\/p>\n

On rising fertiliser prices, the AfDB boss said the bank\u2019s analysis showed that Africa faces a fertiliser shortage of two million metric tonnes in 2022.<\/p>\n

\u201cWe estimate it will cost about two billion dollars at current market prices to source new fertiliser to cover the gap,\u201d he said.<\/p>\n

\u201cIf we do not mitigate this shortage rapidly, food production will decline by at least 20 per cent.<\/p>\n

\u201cThis horrific \u2018perfect storm\u2019 will see Africa lose more than 11 billion dollars in the value of food production, according to our analysis.<\/p>\n

\u201cWithout urgent and immediate global action, we may witness social and political unrest, as we have seen only too often in the past.\u201d<\/p>\n

Speaking on the AfDB\u2019s plans to strengthen food security in Africa, Adesina said the bank had developed an emergency food production plan\u00a0of $1.5 billion which will be used to support African countries to produce 38 million metric tonnes of food.<\/p>\n

\u201cThe $1.5 billion plan intends to source $1.3 billion of our resources. With U.S. support to reduce the $200 million financing gap \u2013 we can ensure the Africa Emergency Food Production Plan\u2019s success,\u201d he added.<\/p>\n

\u201cThe strong support of the US for our Africa Emergency Food Production Plan will allow Africa to avert a looming food crisis and
\nuse the opportunity to drive structural changes in agriculture, to unleash the full potential of Africa to become a breadbasket to the world.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

President of the African Development Bank (AfDB) has stated that many Africans can no longer afford bread due to food price increases caused by the Russia-Ukraine war. According to him, wheat and corn exports from Russia and Ukraine make up a vital part of the continent\u2019s food supply. This was stated on Wednesday by\u00a0Adesina at […]<\/p>\n","protected":false},"author":17,"featured_media":4582,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[29764,782,780,37544,31016],"class_list":["post-187414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-africa-countries","tag-african-development-bank","tag-akinwumi-adesina","tag-breads","tag-russia-ukraine-war"],"yoast_head":"\nRussia-Ukraine war: Bread now too costly for many Africans, says Akinwumi Adesina<\/title>\n<meta name=\"description\" content=\"President of the African Development Bank (AfDB) has stated that many Africans can no longer afford bread due to food price increases caused by the Russia-Ukraine war.\" 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