The food crisis is not about to end… it is besieging the world despite the low prices

The food crisis is not about to end… it is besieging the world despite the low prices
The food crisis is not about to end… it is besieging the world despite the low prices

The world is still besieged by a historic food crisis, while the echoes of the war raging in Ukraine reverberate in agricultural markets around the world, despite the decline in commodity prices, according to US official Cindy McCain.
“The fact that food prices are declining does not mean that this crisis is about to end,” said McCain, the US ambassador to the UN’s food and agricultural agencies in Rome. “We are facing some difficult times.”
She stated that while the war in Ukraine continues, it continues to impose restrictions on the flow of goods, which include seeds, in light of the suffering of a large sector of Africa that is on the brink of famine.
And according to the agency “Bloomberg” news, that food costs during the past nine months, have declined after they had reached a record level last March, according to United Nations estimates.
Fertilizer prices, which represent a major source of expenditure for farmers, are also falling, with hopes that inflation rates will begin to moderate.
In a related context, Janet Yellen, US Treasury Secretary, called for urgent steps to be taken to combat climate change in order to enhance food security in Africa, during her tour in Zambia.
At the end of a two-day visit to the southern African country, Yellen said, “Climate change caused by the intensity and frequency of storms, floods and droughts has damaged agricultural crops in Africa.”
“We should take urgent action to adapt agricultural practices and technology to the changing climate,” she said while touring a project that helps small farmers manage the consequences of changing weather patterns.
The project, located 40 kilometers from the capital, Lusaka, is funded by the Green Climate Fund, which has received $1 billion from the US government.
“The United States prioritizes innovative projects, including providing farmers with seeds that are more resistant to drought, heat and harsh conditions,” she said.
In addition, the European Commission announced the allocation of €102.5 million in humanitarian aid to vulnerable communities in Nigeria, Niger, Chad and Cameroon, as the humanitarian situation continues to deteriorate in the Lake Chad region.
The Chad Presidency website stated that this amount is part of the total 181.5 million euros allocated this year to the region, Central Africa and the Sahel.
The total amount will be distributed for the year 2023, and the share of Nigeria will be 34 million euros, Niger 25 million, Chad 26.5 million, and Cameroon 17 million. In a context related to the African continent, the conference on the process of verifying the requirements for Somalia’s accession to the East African Group for Economic Cooperation began in the Somali capital, Mogadishu.
Ali Mohamed Omar, Minister of State in the Somali Ministry of Foreign Affairs, stated, according to the Somali News Agency, that the meeting is the conclusion of the conditions for Somalia’s accession to the East African Group, noting that joining is important for the Somali people with regard to facilitating the transportation of goods between the countries of the group, which will strengthen the country’s economy.
The delegation of the Economic Cooperation Group of East African States will, during its stay in Mogadishu for a number of days, contact several Somali officials and representatives of government institutions, to ensure that the Somali government can cooperate with the members of this group.
The East African Economic Cooperation Group (EAC), headquartered in Tanzania, was established in 2000 and includes the countries of Tanzania, Uganda, Kenya, Rwanda, Burundi, South Sudan and the Democratic Republic of the Congo.



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