As International fertilizer prices continue to drop, Sustain Africa’s original remit of ensuring availability and affordability of fertilizer has expired. Sustain Africa’s country programmes will conclude in April / May. A new Sustain Africa Fertilizer Monitor will begin operation in September 2024 to analyze prices and underlying market and macroeconomic conditions and monitor countries at […]
As International fertilizer prices continue to drop, Sustain Africa’s original remit of ensuring availability and affordability of fertilizer has expired. Sustain Africa’s country programmes will conclude in April / May. A new Sustain Africa Fertilizer Monitor will begin operation in September 2024 to analyze prices and underlying market and macroeconomic conditions and monitor countries at high risk of food insecurity should fertilizer prices spike once more.
Though local prices in national currency remain high – and are increasing in a number of countries in Sub-Saharan Africa – the underlying drivers appear to be macroeconomic. This requires a response on the part of government and multilateral institutions focused on addressing macroeconomic fundamentals, off-setting specific risks in the fertilizer supply chain and thus incentivizing ongoing private-sector investment in fertilizer supply to Sub-Saharan Africa. The Sustain Africa Fertilizer Monitor is led by Sustain Africa’s Board members, AFAP, AGRA, BMGF, IFA, IFDC and Rabobank. Representatives from these organisations will meet quarterly to discuss the results of an analysis of fertilizer availability and affordability, and food security, which will be conducted on a monthly basis by IFDC. The analysis will signal countries at high risk, for attention by Monitor partners. A small project office will provide additional country context and will coordinate any action decided upon by the Sustain Africa Fertilizer Monitor Board.
