Drop in Grain Prices Hurts Africa

Drop in Grain Prices Hurts Africa

After suffering through last year's global food crisis, the return of grain prices to reasonable levels is widely welcomed. But the New York Times reports today that the swift drop in grain prices is reducing the odds of countries like Senegal achieving food independence anytime soon, and could, in fact, lead to financial ruin for the Senegalese farmers who planted more rice this year in hopes of selling it at the higher price.

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