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Find all the economic and financial information on our Orishas Direct application to download on Play StoreIn its report dated March 16, 2022, UNCTAD warns of the rise in food and fuel prices resulting from the war, which is already accelerating inflation in many countries.
The UN trade and development body says the economic consequences of the war will hit the poorest people. Because, in Africa, the UNCTAD report identifies 27 countries that are directly concerned by the wheat issue. They import a good part of their wheat from Russia and/or Ukraine.
Benin is entirely dependent on Russia for its wheat supply. The same is true for Madagascar, Cape Verde, Togo, Burundi and Namibia. Countries like Tunisia and Libya are more dependent on Ukraine even though they owe part of their imports to Russia. The organization highlights a high degree of dependence for many on wheat imports from the Russian Federation and Ukraine.
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