Govt banning of foreigners from direct farm purchase AGRIC PRODUCE OVERVIEW The supply chain has been disrupted for a while now, from covid restriction, fuel, and a lot more. But today we like to highlight another two major recent ones which particularly affect the Agro supply chain and how they affect you and me. First is the wheat shortage, which is the escalating condition from the war between Russia and Ukraine, which produces 25% of the world wheat combined, before you think what about the other 75%, this is a global supply chain and those ones already have their market, and Nigeria is among the top customers of this two-nation above. Note like we always mention here things have cause and effect, especially in the Agro space, this will not just push bread up but also corn as an alternative will be affected. Second is the ban on foreigners and any of their affiliates from direct farm purchases. This may look positive in theory but with this market comes a lot of incentive for farme
821.6 million (or 1 in 9 people) lives in hunger globally(WHO 2018), this has been thought to have been tackled with 1.3 billion tons of food that we waste yearly and globally(UNEP) But No, It has not worked, it has only made people dependent on foodbank and corporate giving, which will only create a repetitive cycle of dependence. food charity What we need it to tackle is 1.3 billion people who live in poverty (UNDP) Then we can have a short at reducing that hunger number, by creating opportunities for the locales, giving market access and equal playing field we can level up some of that number And empower them to feed themselves and food secure, not to say charity doesn’t have a role to play, but a minimal role compared with the above course. That hunger metric is a 2018 figure, imagine what it will look like now with COVID and what war can push it to. In all this, what ignites me most is that nearly 43% of those in poverty live in Sub-Saharan Africa. hunger and poverty And lucky eno