World coffee consumption is projected to grow by 3.3%, to 170.3 million 60-kg bags in the 2021/22 coffee year as compared to 164.9 million for coffee year 2020/21, the International Coffee Organization (ICO) said in its latest monthly report, adding that provisional outlook for production in the same period remains unchanged at 167.2 million bags, […]
The number of people facing acute food insecurity and requiring urgent life-saving food assistance and livelihood support continues to grow at an alarming rate, which makes it more urgent than ever to tackle the root causes of food crises rather than just responding after they occur, according to an annual report by the Global Network Against Food Crises (GNAFC) […]
The sudden shortage of wheat, maize and other grains imported from Russia and Ukraine could spark civil unrest in Africa as food supply chains are tested again on the heels of a global pandemic, the president of the African Development Bank (AfDB) has said. In an exclusive interview with The National, Dr Akinwumi Adesina said […]
A recent report by Bloomberg (BNEF) states that global investment in the energy transition totalled $755 billion in 2021 – a new record – off the back of rising climate ambitions and policy action from countries around the world. According to BNEF, investments rose in almost every sector covered in the report, including renewable energy, energy storage, electrified […]
The number of people facing acute food insecurity and needing urgent life and livelihood-saving assistance has hit a five-year high in 2020 in countries beset by food crises, an annual report launched today by the Global Network Against Food Crises (GNAFC) – an international alliance of the UN, the EU, governmental and non-governmental agencies working to tackle food crises […]
The global market for cashews is booming, but the African countries growing more than half the world’s supply aren’t cashing in, an UNCTAD report says, due to their lack of processing industries. Between 2000 and 2018, world trade in raw cashew nuts more than doubled to 2.1 billion kilograms, and African producers – led by […]
World cotton consumption is expected to exceed production for the second year in a row, reducing world stocks by 3.2 million bales, the U.S. Department of Agriculture has said. World cotton production is expected to rise 4.7 percent with the most significant year-over-year growth in Pakistan, Australia, Brazil, the United States, and West Africa. Global […]
India’s oil imports from Africa jumped to its highest in 10 months in August 2020 as refiners switched out more expensive crude from the Middle East, Reuters reports citing shipping data. The world’s third biggest oil importer shipped in about 3.95 million barrels per day (bpd) of oil in August, the highest volume since April, from African […]
The Indian government is all set to propose a World Solar Bank during the next assembly of International Solar Alliance (ISA) scheduled to be held in October, according to a report in Business Standard. The proposed financing agency is aimed to pool resources from across the globe and use them to fund solar power projects in ISA […]
The Covid-19 disruptions have changed the structure of India’s oil and gas sector with telling effects. The share of OPEC crude in Indian oil imports fell to a decade-low in July 2020, reports IANS. As per data, the oil cartel’s share in India’s oil imports fell to about 67 per cent in July as against highs of […]
