Vegetable oil prices have surged over the last few months, as the war in Ukraine drove up their already rising costs. Why it matters: The situation is worse now. Indonesia said it would suspend exports of palm oil this week, sending markets for cooking oils into chaos, as Bloomberg reported. The country is the world’s largest supplier of the commodity,
However Muslims break their fast this Ramadan, they’re probably paying more for it than last year. Some of the reasons are the same everywhere. Shockwaves from the war in Ukraine, for one. But in economics, there’s rarely just one reason for anything. Here’s what’s raising the cost of five iftar dishes in five countries.
With surging global commodity prices, a food supply crisis is looming large, especially in several Middle Eastern and North African nations, experts have said. The conflict between Russia and Ukraine has a “profound impact” on international commodity prices, given the two countries’ important roles in global grain market, Desmond Lachman, senior fellow at the American Enterprise Institute and a former
Fish traders come from all over southern Africa to gather at the port in Luangwa, Zambia and purchase aquatic food products to sell onwards elsewhere. Previously, there were insufficient storage… Read more
Experts from the Building an Economically Sustainable Integrated Cassava Seed System, Phase 2 (BASICS-II) have shared insights encouraging cassava farmers to access and benefit from improved cassava planting materials for the 2022 planting season. They highlighted these during a recent webinar for experts and farmers, organized with the GIZ Green Innovation Centres for the Agriculture and Food Sector (GIAE) and IITA Cassava
Food insecurity is endemic in Malawi, affecting up to 38% of the population every year in the run-up to the harvest in April. Although geographically distant, there are multiple channels through which Russia’s invasion of Ukraine can make matters worse this year. The conflict has disrupted global supplies of key cereals, vegetable oils, and fertilizers, pushing already-high prices higher, and putting particular
To ensure better adoption of vitamin-A rich sweetpotato, it is paramount to develop varieties that satisfy the needs and desires of both men and women. Whereas men who farm sweetpotato may prefer qualities such as storability and yields, women will tend to favor taste and cookability. The SweetGAINS project implemented by the International Potato Center and partners is focusing on
As the Russia-Ukraine crisis continues to disrupt the global trade of key foods such as wheat and vegetable oils, along with fertilizers, impacts are falling heavily on countries such as Bangladesh. Dependent on imports of those items to feed its large population, many poor and vulnerable to shocks, the country faces the prospect of rising food insecurity. The conflict threatens