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COVID-19 and Its Impact on African Trade

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International Food Policy Research Institute (IFPRI)
International Food Policy Research Institute (IFPRI)

Joseph Glauber POLICY SEMINAR Virtual Event - COVID-19, global markets and African agricultural trade: Impacts on growth and food security Organized by IFPRI, with support from the United States Agency for International Development (USAID) SEP 17, 2020 - 09:30 AM TO 11:00 AM EDT

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COVID-19 and its impact on African Trade Joe Glauber, IFPRI 17 September 2020
Transportation Costs Rise Shipping Costs Air Cargo Costs
Projected Change in Global Consumption, 2020 vs 2019 -20.0% -15.0% -10.0% -5.0% 0.0% 5.0% 10.0% Maize Cotton Soybean Rice Wheat Beef and Veal Chicken Swine Source: USDA, PSD Online
Agricultural Exports by Region
Agricultural Imports by Region
Vulnerability to grain export restrictions Subregion Cereals as share of diet Cereal import dependence Cereal imports as share of diet Percent Eastern Africa 58 16.3 9.5 Middle Africa 30 31.9 9.6 Northern Africa 57 53.4 30.4 Southern Africa 54 24.1 13.0 Western Africa 66 21.9 14.5 Source: FAOStat
Effect of export restrictions relatively minor to date Source: Laborde 2020, Export Restrictions Tracker
Commodity Prices

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