Wheat prices in Africa up 60% due to Russia-Ukraine,NATO war: AfDB

The Russia-Ukraine, NATO war has disrupted wheat exports, driving wheat prices up by 60% in Africa, the president of the African Development Bank (AfDB) said Tuesday, warning that the continent will lose up to $11 billion worth of food due to the conflict.

“Already, the price of wheat has gone up about 60%. Maize and other grains will also be affected. There may be a fertilizer crisis, as there would be about a 2 million metric ton deficit. And that will affect food production by about 20%,” said Akinwumi Adesina, speaking in the Nigerian capital Abuja.

Meeting with Nigerian President Muhammadu Buhari, Adesina said the war has created global problems but particularly for Africa, which imports a huge percentage of its food from Russia and Ukraine.