Coronavirus Threatens Food Security in Sudan

Food security in Sudan is facing a new crisis with the precautionary measures taken by the state to curb the spread of the novel Coronavirus. Reuters
Food security in Sudan is facing a new crisis with the precautionary measures taken by the state to curb the spread of the novel Coronavirus. Reuters
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Coronavirus Threatens Food Security in Sudan

Food security in Sudan is facing a new crisis with the precautionary measures taken by the state to curb the spread of the novel Coronavirus. Reuters
Food security in Sudan is facing a new crisis with the precautionary measures taken by the state to curb the spread of the novel Coronavirus. Reuters

Food security in Sudan faces new challenges as the government takes restrictive measures on stemming the spread of the novel coronavirus.

The measures have greatly affected producers especially those working in the agriculture sector, which represents 44% of the Sudanese economy.

The curfew imposed on producers in the agriculture and industrial sectors threatens the future of food security in the African country, where preparations for summer seasonal crops are usually made in April and May.

Sudan's Ambassador to Italy and Permanent Representative to UN agencies in Rome, Abdul Wahab Hijazi, said that with the Sudanese capital, Khartoum, entering full lockdown there is a desperate need to rush completing agriculture tasks for the upcoming summer season.

Hijazi warned that the shutdown harshly affects small-scale producers and farmers as they are the most vulnerable.

The agricultural sector is one of the largest economic sectors in Sudan with 80% of the population depending on agriculture. The sector participates with 44% of the gross domestic product and is the main driver of agricultural industries.

Official reports indicate that Sudan has about 200 million acres of arable land, of which only 25% is used.

The Sudanese cabinet of ministers had formed a supreme committee tasked with having the summer seasonal crop thrive by providing needed aid to farmers.

Meanwhile, the Sudanese undersecretary for the Ministry of Agriculture and Natural Resources, Abdul Qadir Turkawi, played down the impact of the state’s COVID-19 measures on the progress of operations for the country's agricultural season.

He told Asharq Al-Awsat that the ministry, last March, started importing seeds and fertilizers in cooperation with the Sudanese Agricultural Bank.

“The situation is reassuring for the success of the agricultural season despite the difficulties encountered,” Turkawi said, clarifying that the global slowdown due to the coronavirus will affect only the import of a few seeds, because most seeds are produced locally through the Arab Company for Seeds Production.



Gold Hits Three-week Peak on Softer Dollar and Safe Haven Inflows

Gold bullion displayed in a store in the German city of Pforzheim (dpa)
Gold bullion displayed in a store in the German city of Pforzheim (dpa)
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Gold Hits Three-week Peak on Softer Dollar and Safe Haven Inflows

Gold bullion displayed in a store in the German city of Pforzheim (dpa)
Gold bullion displayed in a store in the German city of Pforzheim (dpa)

Gold prices touched their highest level in three weeks on Friday supported by a softer dollar and safe-haven buying, while markets braced for potential economic and interest rate changes from US President-elect Donald Trump's proposed policies.

Spot gold was little changed at $2,658.11 per ounce, as of 1115 GMT, hitting its highest level since Dec. 13. Bullion is up about 1.5% for the week so far.

US gold futures were steady at $2,672.20.

The dollar index fell 0.3% from over a two-year high hit in the previous session, making dollar-priced bullion more affordable for holders of other currencies, Reuters reported.

"Gold bulls are setting the tone early doors this year, enjoying the lift from safe haven bids while riskier equities struggle to hold on to nascent gains," said Exinity Group Chief Market Analyst Han Tan.

On the geopolitical front, in Gaza Israeli airstrikes killed at least 68 Palestinians, Gaza authorities said. While, Russia launched a drone strike on the Ukrainian capital Kyiv on Wednesday, city officials said.

Trump's inauguration on Jan. 20 has heightened uncertainty, with his proposed tariffs and protectionist policies expected by many economists to be inflationary and potentially spark trade wars.

"Markets are aware that Trump's policies risk reawakening US inflationary impulses, which should be a boon for gold so long as markets adhere to the precious metal’s role as an inflation hedge," Tan added.

Bullion, which is considered a hedge against economic and geopolitical uncertainties, tends to thrive in lower interest rate environment.

After delivering three consecutive interest rate cuts in 2024, the US central bank now projects only two reductions in 2025 due to due to stubbornly high inflation.

Spot silver rose 0.6% to $29.75 per ounce.

"Lower real US yields and stronger global industrial production should favor the metal in 2025," UBS said in a note, adding that they see silver to trade between $36-38/oz in 2025.

Platinum added 0.8% to $930.09, and palladium gained 1.2% to $922.58. Both metals were on track for weekly gains.