After a long period of droughts in Zimbabwe, persistent rains in the region renewed hope for farmers across South Africa that food shortages might finally let up. A lengthy drought seemed to be the worst of the agricultural industry's problem, but a new pest has taken over those fears and multiplied them. An outbreak of armyworms in countries like Zimbabwe, Zambia, and Malawi threaten the crop yield for the coming year.
globalEDGE Blog - By Tag: zambia
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With the world population recently reaching 7 billion, many wonder how the agriculture industry will keep up to feed this multitude of people. It seems that much of the success will come from developing countries. Many of these countries are a large part of the growing population and also have natural resources that produce a large amount of the world’s agricultural products. Still, an enormous amount of effort is needed to increase agricultural production in developing countries.
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Recently gold prices have been up, but another metal connects countries around the world and provides insight into future economic and global trends. This metal happens to be copper and unlike gold, copper is not often viewed as a glamorous commodity. However, its practical use in water pipes, electrical wiring, computer circuit boards, and other electronic gadgets makes copper a valuable resource. Today the world’s copper mines are booming as copper prices continue to rise dramatically.
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Trade between Zambia and Malawi should soon be increasing due to a Simplified Trade Regime (STR). Its goal is to help to eliminate some customs, duties, and other taxes that exporters would normally have to deal with when crossing the border between the two countries. Until now, trade between these two countries has not really been encouraged, even though they both have resources the other desires.