suppletekblog

Rice and wheat crops account for about one-third of the world's calories.   As the Covid-19 pandemic outspreads more rigorously into the global supply chain, prices for key staple foods are starting to soar in most parts of the world. Rice and wheat, being the common staples of India, have been climbing up the food chain swiftly. And, for countries that rely only on imports, this is posing as an added financial burden that is the result of the Coronavirus pandemic.    In Nigeria, for instance, the cost of rice has taken a hike by more than 30% in the month of March alone. It's still unclear what the biggest drivers are for such price surges, whether it was the effect of panic-buying or the trickle-down effect from local logistical choke points. But, what is apparent is that while the world isn't about to run out of food anytime soon, the policymakers are going crazy trying to deliver it to the right place, at the right time, and certainly, at the right price.