Countries are expected to spend a staggering $1.8 trillion importing food they need this year; this would be a new world record but worryingly, it’s going to buy them less food, not more.
That’s according to the UN Food and Agriculture Organization (FAO), which on Thursday suggested that for some countries, the situation potentially heralded “an end of their resilience to higher prices”.
Ever-higher fixed costs for farmers of so-called “agricultural inputs” such as fertilizer and fuel, are likely to be responsible for this year’s bigger-than-ever global food import bill.
“In view of the…
Source: All Africa
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