Food security now a global concern

Another fallout from the Russia/Ukraine conflict is with respect to global food supplies as covered by major news outlet Al Jazeera.

Russia and Ukraine supply a third of the world's wheat, which is now trading at 14-year high prices. More importantly though, countries are realising that food supplies are now just as susceptible to supply chain disruptions.

The key takeaway from the coverage in this news report was that the Middle East and Africa were most susceptible to these shortfalls as other exporters look to protect domestic supplies.

This is where MNB fits in, with its phosphate project in Angola, MNB is building a nutrient supply and distribution business that stimulates food security in Angola and the broader Congo Basin.

MNB’s project in August was considered a ‘Project of National Importance to Angola” by the Angolan government, with all of the developments of late we think the project is now significantly more important.