Trade

Trade plays a critical role in economic development and agricultural transformation. However, reported intra-regional trade in Africa south of the Sahara (SSA) has historically been quite low, potentially impacting poverty, livelihoods, and food security in the region. Over the past decade, policymakers have set out to change this, signing the 2014 Malabo Declaration that aims to triple intra-African trade in agricultural goods by 2025 and establishing the African Continental Free Trade Agreement to remove barriers to cross-border trade.

Last week, the heads of the World Bank Group, International Monetary Fund, United Nations World Food Program, and World Trade Organization issued a joint statement calling for urgent global action on food security in response to skyrocketing global food prices.

Food security in West Africa has been deteriorating since 2015: The proportion of the population affected by undernutrition rose from 11.5% in 2015 to 18.7% in 2020, a total of 75.2 million people. Now, like the rest of the world, the region faces rapidly growing impacts from Russia’s war in Ukraine, including spiking food prices and disruptions in markets for cereals and other commodities, including fertilizers and fuels. What are some of the war’s likely effects on West Africa?

Russia's invasion of Ukraine has imperiled global food security—creating suffering within Ukraine and displacing millions, while disrupting agricultural production and trade from one of the world's major exporting regions. The latter threatens to drive rising food prices still higher and create scarcity, especially for regions most dependent on exports from Russia and Ukraine—particularly the Middle East and North Africa.

The unfolding crisis in Ukraine has roiled commodity markets and threatens global food security. Ongoing fallout from the COVID-19 pandemic and other factors have already driven up food prices. Poor harvests in South America, strong global demand, and supply chain issues have reduced grain and oilseed inventories and driven prices to their highest levels since 2011-2013.