Welcome to our weekly report on the latest happenings in the agricultural sector around the world. Agriculture is an integral part of the global economy and is essential for providing food security to the world’s growing population.
In this article, we will provide an overview of the most recent developments and notable events from the past week in the agricultural industry.
Tomato and Pepper Scarcity Sends Prices Soaring in Nigeria
Nigeria is facing a severe shortage of tomatoes and peppers, leading to a significant surge in prices. Fuel price increases, as a result of the removal of fuel subsidy, have compounded the issue, affecting transportation costs from the North to the South. Farmers are also grappling with the aftermath of a Tuta absolute infestation, resulting in reduced crop yields. The combined factors have created a challenging situation for both sellers and consumers, exacerbating the scarcity and price surge of these essential food items. Read More
Nigerian Government Empowers Maize Farmers with High-Yielding Seed and Fertilizer to Enhance Production
In a collaborative effort between the Federal Government and the Lagos State government, maize farmers participating in the National Programme for Food Security (NPFS) have been equipped with a new maize seed variety and fertilizer.
The initiative aims to bolster their production during the current farming season. Speaking at the event held at the Lagos State Agricultural Development Authority office in Oko-Oba Agege, Olayinka Akeredolu, the State Coordinator from the Federal Ministry of Agriculture and Rural Development, highlighted that the provided seed is known for its high yield and resistance to diseases. This intervention is expected to empower maize farmers and contribute to ensuring food security in the country. Read More
Latin America and Caribbean's Agricultural and Fisheries Production Set to Increase, but at Slower Pace, Says FAO Report
According to a report by the United Nations Food and Agriculture Organization (FAO) and the Organization for Economic Cooperation and Development (OECD), agricultural and fisheries production in Latin America and the Caribbean is projected to grow by 12% by 2032.
However, the growth rate is expected to be slower compared to previous years, primarily due to challenges such as the volatility of world trade. The report indicates that crop production will contribute significantly to this growth, expected to increase by 17%, while livestock and fishing will experience more moderate growth rates of 11% and 10% respectively.
The report also highlights the importance of exports for sustained agricultural growth and predicts that by 2032, Latin America will hold a substantial share of global exports, including corn, soybeans, sugar, beef, poultry, and flour, exceeding 30% of the total. Read More
California Rep. Zoe Lofgren Leads Bipartisan Effort to Address Agricultural Workforce Needs
A bipartisan group, led by California Rep. Zoe Lofgren, has introduced a bill to tackle labor shortages in the agricultural sector. The proposed legislation aims to make the H-2A visa program more accessible for employers while offering a pathway for agricultural workers to earn legal status. The bill, previously passed in the House, emphasizes the importance of meeting food security needs in America. Read More
China and Morocco Strengthen Bilateral Ties with Agricultural Cooperation Agreement
China and Morocco have solidified their bilateral ties through the signing of a memorandum of understanding (MoU) aimed at enhancing agricultural cooperation. The agreement, signed by the respective Ministers of Agriculture, outlines various areas of collaboration, encompassing distant-water fishing, organic agriculture, agricultural digitalization, and more.
Both nations have expressed their commitment to fostering mutually beneficial cooperation in areas such as animal disease prevention, water-saving agriculture, marine fishery resource conservation, and agricultural heritage preservation. This MoU reflects the shared interests and synergies in agricultural practices between China and Morocco. Read More