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Last Updated : 16 March 2010 at 15:10 IST
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Africa annual food imports touch $33 billion

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ABUJA (Commodity Online) : UN Economic Commission for Africa (ECA) said the continent of Africa imports $33 billion worth of food annually.

In a report, ECA said the continent also gets about $3 billion food aid annually to bridge the gap between domestic food supply and demand.



The overall performance of the food and agriculture system of the continent has been far below its potential and far short from expectations, the report said.

According to UN Food and Agriculture Organization, the continent has 265 million undernourished people with almost one out of every three people going to bed daily hungry.

"The situation is no better at global level, where the share of Africa in world agricultural trade has decline from 15 percent in the 1960s to 5.4 percent in the 1980s and 3.2 percent in 2006.

Moreover, intra-African trade represents barely 10 percent of Africa's total agricultural trade," the report added.

Less than 4 percent of African total arable land is irrigated compared to 33 percent in Asia and the Pacific and 29 percent in the Middle East.

NCDEX GOLDINTLJUL2012 30 July 2012 contract was trading at Rs 0 . What's your view on it?
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