The 25 by 2025 is a quest to which the Community committed in 2020 as the COVID-19 pandemic had begun wreaking havoc across the world, and as steps were being taken in the Region to ensure that the health crisis did not become a food crisis. It wasn’t the first time that there was a recommendation for a 25 per cent reduction in the Region’s food import bill. Back in 2018, as she delivered the opening address at the Caribbean Week of Agriculture, Prime Minister of Barbados, the Hon. Mia Mottley, called for the Ministries of Agriculture, Finance, Trade and Transport of the Community to “at least work ourselves down to a reduction of 25 per cent of our food import bill in the next five years within CARICOM.”
Food prices around the world, including in the Caribbean, skyrocketed this year after the conflict in Ukraine broke out.
Both Ukraine and Russia produce a significant amount of the world’s grains, oilseeds and fertilizers. The expected shortfall in supplies has already caused price hikes for these food commodities.
In recent weeks, there has been a rapid escalation of the situation along the Guyana/Venezuela border. This escalation, which originates from Venezuela, seems to be due to the commercial discovery of large quantities of oil and gas by the Exxon led Consortium and exacerbated by Guyana’s recent awarding of exploratory Contracts in what Venezuela deems to be “in an undelimited maritime area”.
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