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The African Development Bank approved $73.81 million on 9 December for the Sudan Emergency Wheat Production Project. The project aims to more than double Sudan's wheat output from about 630,000 tonnes through certified seed, fertilizer and extension support.
Sudan imports 60-70% of its wheat, mainly from Russia and Ukraine.
The project is a small, long-term effort to reduce Sudan's import dependence and will not move global wheat prices in the near term. Sudan's dependence on Black Sea wheat remains a demand factor.
afdb.orgAfrican Development BankDec 13, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
