According to a report by Aljazeera we have only just begun to see the far-ranging consequences of the covid-19 pandemic around the world. Chief among those is the threat of a food crisis. But how has that impacted the price of Agro inputs in the Agricultural and Aquacultural markets in Nigeria and Africa as a whole?
What with the many factors like the knock on the prices of soybean, the cheaper productions from Brazil and the effect of the pandemic on the supply chain, the USA‘s efforts in exporting this product to the Chinese markets as part of the phase one trade deal signed in January; also looking at international players like China accelerating their purchases of this commodity, what would these things do to market prices and how will the changes trickle down to the home grown African Agro business owner?
The above is just one example, but many products have been effected by covid. I looked at the FAO website to get some more information (feel free to look at it http://www.fao.org/2019-ncov/q-and-a/en/) and there is further risk to food security.
Can anyone share their challenges if any and together we can come up with ideas of how to overcome any new pitfalls.