Home East Africa Sudan’s wheat harvest at risk over government backing out promise to buy...

Sudan’s wheat harvest at risk over government backing out promise to buy at higher price

71

(3 minutes read)

Sudan’s wheat harvest is at risk. The cash-strapped government has backed out of the promise to buy wheat at favourable prices. The agricultural bank wants farmers to pay for loans in wheat, according to the encouraging price, which was set at 43,000 (Sudanese pound, almost 88 euros)

 Sudan’s wheat harvest is at risk. The cash-strapped government has backed out of the promise to buy wheat at favourable prices. The agricultural bank wants farmers to pay for loans in wheat, according to the encouraging price, which was set at 43,000 (Sudanese pound, almost 88 euros). The farmer must register with the bank the quantity they will supply, and the bank will determine the quantity it will take. After calculating the loans, the bank will determine how much each farmer should supply, in bags or kilos, over a certain period of time.

Read Also:

https://trendsnafrica.com/sudan-innovates-strategy-to-overcome-oil-price-hike-taps-solar-energy-to-supplement-vehicles-fuel-needs/

https://trendsnafrica.com/sudan-denies-presence-of-russian-mercenaries-in-the-country/

https://trendsnafrica.com/sudan-to-face-food-grain-shortage-due-to-russia-ukraine-war/

According to the UN, over 18 million people, nearly half the Sudanese population, are expected to be pushed into extreme hunger by September. Russia’s invasion of Ukraine, both key grain suppliers, threatens to compound Sudan’s existing food security. According to a 2021 UN report, wheat from Russia and Ukraine makes up between 70 to 80% of Sudan’s local market needs. Last month, dozens of wheat farmers from Sudan’s Northern State staged a protest outside the agricultural bank after it refused to take their harvest.

This year, local wheat production was forecast to cover only a quarter of the country’s needs, according to the UN’s Food and Agriculture Organisation (FAO).

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments