Poorest Countries Are Having Hardest Time Ramping Up Food Output

Countries that are most in need of more food to feed their impoverished populations tend to be the ones where farmers have the hardest time expanding production. In low-income nations, agricultural productivity rose at a rate of 1.24 percent annually as of 2017, according to an annual study from the Global Harvest Initiative, a research organization sponsored by Deere & Co., Monsanto Co., Smithfield Foods Inc. and other businesses and nonprofits. That’s down from last year and less than the 1.75 percent needed to meet food needs in 2050. “If agricultural productivity…

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Opec countries agree first oil output cut in eight years

Opec countries have agreed their first supply cut in eight years in order to boost the price of oil. Mohammed Bin Saleh Al-Sada, Opec’s president, said a cut of 1.2 million barrels a day would start from January. It comes after more than two years of depressed oil prices, which have more than halved since 2014, due to a supply glut on the market. The price of Brent crude jumped 9% to $51.57 a barrel, and US crude rose8.2% to $48.9%. According Mr Al-Sada, key non-Opec countries were party to…

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