Rising Global Food Prices: Tanzania’s Time to Shine in Agriculture

Hassan Al Jabry

The global surge in food prices is making headlines, and Africa, particularly Tanzania, might hold a solution. “It’s time for Africa! The Land of Mother Nature Wonders,” states Hassan Aljabri. He advocates for increased investment in Tanzanian agriculture, given the significant potential it holds in addressing the world’s growing food security challenges.

As the recent CNBC report highlighted, the soaring prices aren’t just limited to niche commodities. Essential staples like rice, which feeds a significant portion of Asia’s population, are on the brink of becoming costlier. This uptick in prices spans a range of foods, including grains, meats, and oils.

Several factors contribute to this surge, from the escalating costs of fertilizer and energy in the past year to geopolitical events such as the Russia-Ukraine conflict. Such disruptions highlight the fragility of global food chains and the need for diversified sources of agricultural production.

Enter Tanzania. Known for its rich soil, diverse climate, and vast arable land, the country stands at the forefront of becoming a major contributor to the global food basket. Harnessing its agricultural potential not only promises economic benefits for Tanzania but also presents an opportunity for the continent to play a crucial role in global food security.

Experts believe that targeted investments in Tanzanian agriculture, coupled with sustainable farming practices and innovations, can amplify the country’s output. This would not only cater to the domestic demand but also position Tanzania as a key exporter in the global market, further stabilizing prices.

https://www.cnbc.com/2022/06/13/rice-prices-are-rising-amid-rising-food-inflation-export-bans-.html