In this episode of The Development Podcast, World Bank Food and Agriculture Global Practice Manager Julian Lampietti explains the challenges and discusses some of the solutions. And we hear from a pizza restaurant owner in Cairo who is struggling with the rising cost of bread IAC Desk
Three compounding crises—conflict, COVID, and climate change—are giving rise to another: hunger, says the IMF. IAC Desk
Russia dismissed the partial EU embargo on its oil, saying it was confident of finding other buyers for its crude after the European Union reached a compromise deal to ban most Russian imports, OilPrice.com reports IAC Desk
Over the last three months, Russia’s invasion of Ukraine has shocked agricultural markets, bringing the problems of high food inflation and rising global hunger starkly into relief. Read More Here IAC Desk
Russia’s oil output is plummeting, and the decline is expected to worsen in May. OPEC recently warned that markets could see the loss of more than 7 million barrels per day of Russian oil and other liquids exports, OilPrice.com reports. IAC Desk
Western economies are set to remain heavily dependent on China for the refining of rare earth elements (REEs) for the next decade, but their reliance on it for the mining of the metals is expected to fall as new mines become operational in other parts of the world, reports nxtmine. IAC Desk
If China was to decide to help Russia stabilise its economy, it would have to help Russia pay for imports, boost its currency, and increase support for its oil and gas sector. But how could China do this? Read More Here IAC Desk
Gold prices are expected to average $US1900 ($2642) per ounce (oz) in 2022, as Fitch Solutions’ revised price from $US1700/oz reflecting the Russian invasion of Ukraine that has sparked an uptick in gold demand. Read More Here IAC Desk
The recent signing of an early harvest trade deal with the UAE in only 88 days has given New Delhi the bandwidth and the confidence to conclude a similar deal with Canada as well. But multiple issues may hold up the process. Read More Here IAC Desk
Prices of industrial metals fell as diplomatic efforts to resolve the Russia-Ukraine conflict calmed supply-disruption fears, while demand concerns in top consumer China also weighed on the market, reports mining.com IAC Desk
