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At a Paris Peace Forum roundtable on 10 November 2026, African Development Bank President Sidi Ould Tah called for local fertiliser production in Africa alongside better logistics and infrastructure. He noted that Africa's agriculture is largely rain-fed, with fertiliser use of 19 to 20 kg per hectare against a global average of 150 kg.
He also described the Bank's allocation of more than USD 5 billion to support food security.
Energy shocks, including the Strait of Hormuz crisis, pass quickly into fertiliser costs and food security, and Africa's very low fertiliser use leaves it most exposed. The remarks signal longer-term fertiliser demand growth in Africa but carry no immediate price impact.
afdb.orgAfrican Development BankNov 13, 2026Not 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.
