According to the IITA, Africa imports about 1.5 million tons of soybean a year. Let’s say that Trump’s trade war with China has been the reason that soybean prices have fallen from $10 a bushel to $7.50 a bushel over the last year or two. There are 36 bushels in a ton so African countries are saving $2.5 x 54 m bushels = $135 million each year. Not enough to change consumption or nutrition very much unless there is a huge import surge. of course, we must also remember that soybean has been a rapidly growing crop in many production regions in Africa, and a price slump could slow that growth, and the consequently the externalities that come from developing the export market and the processing market.
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Recent Posts
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- Reading August-September 2025
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- AI productivity growth and “the economy”
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Friends of African Village Libraries (I post regularly here)- Rapport de mission d’une équipe de ABVBF à Waly
- Visite du centre de lecture et d’étude de Béréba (CLEB)
- Don de livres par ABVBF à l’école primaire publique de Waly
- Sortie de la BMP: Ste Thérèse de Houndé, Burkina Faso
- Distribution des livres CMH aux élèves de l’école B de Koumbia, Burkina Faso
- Night activities at Sumbrungu Community Library, Ghana
- Gowrie-Kunkua night reading, Ghana
- Initiation aux jeux de mots croisés de 02 élèves du primaire à la bibliothèque de Koho
- Jeux de cartes des élèves de l’école franco-arabe de Koho, Burkina Faso
- Animation d’une séance de lecture à la bibliothèque de Karaba, Burkina Faso