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A Trade Solution to the Food Security Challenge: Surplus Grains Worth $83 Million Now Available to Countries in Need

by Christin VanZant last modified May 16, 2017 03:45 PM
Contributors: DAI
A food security milestone was achieved this month with the signing of contracts to sell 279,000 metric tons of food grains from areas of surplus in East Africa to areas of need. The 58 contracts to sell staple crops from Ethiopia to its drought-stricken neighbors were executed at the first multilateral grain trade facilitation forum in Addis Ababa, Ethiopia. The sales totaled approximately US$83 million and included deals for maize, beans, soya, chick pea, sorghum, millet, rice, and sesame.

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The forum attracted more than 40 sellers from throughout Ethiopia and more than 50 buyers from five East African countries. It was hosted by the Eastern Africa Grain Council (EAGC) in partnership with the Addis Ababa Chamber of Commerce and Sectoral Associations. The event was supported by the U.S. Agency for International Development (USAID)-funded East Africa Trade and Investment Hub (EATIH), which is implemented by DAI.

 

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