# How Africa risks reeling from a health crisis to a food crisis

> Bags of imported rice rose more than 7.5% in Abuja and Lagos between late March and early April 2020, according to SBM Intelligence. Bags of local rice became about 6% to 8% more expensive over the same period. The increases came as the COVID-19 pandemic disrupted food markets across Africa.

- Date: 2020-04-24 · published 2020-04-24T12:00:00.000Z
- Category: market · region Nigeria · magnitude low
- Page: https://feedsoft.ai/events/11112-how-africa-risks-reeling-from-a-health-crisis-to-a-food-crisis
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Pandemic-driven price increases for staple rice point to tighter local availability and stronger import demand in West Africa. The effect on global rice prices is modest because the increases are regional.

## Read by commodity

- RICE: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/us-health-coronavirus-food-africa-insigh/how-africa-risks-reeling-from-a-health-crisis-to-a-food-crisis-idUSKCN2260M2/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.