Africa

The extension takes retroactive effect from September 30, 2025, preventing any lapse in duty-free access for eligible sub-Saharan African countries.

While prices rose by an average of 6% in December 2025 due to a resurgence in demand from Southeast Asia and China, Osiriz points out that by early January 2026, global prices were stable.

Nigeria, South Africa, and Guinea are the dominant consumers and producers, accounting for over three-quarters of the market.

Nearly 40% of perishable goods and 20% of other food products disappear from supply chains each year.

The initiative plans to elevate beans from a staple crop to an engine of economic growth, climate-smart agriculture, and improved nutrition.