Sudan Monthly Market Update Bulletin # 62 March 2013

SUMMARY:

  • Staple grain prices continued to vary across most markets in Sudan between January and February 2013 due to increased supply, high demand, insecurity and an adverse macro-economic environment.

  • On average, sorghum prices were about 30 percent higher than the same period last year and 141 percent higher than the deflated fiveyear average (2008-2012).

  • On average, millet prices were about 4 percent lower than February last year and 98 percent higher than the five-year average, while current wheat prices were 133 percent higher than the five-year average and 5 percent higher than same period last year.

  • The national inflation rate has increased from 43.6 percent last month to 46.8 percent this month. The inflation on non-food items in February has increased by 12.4 percent and on food items by 2 percent compared to last month.

  • Current sorghum prices were 32 percent lower than the export parity prices and mainly driven by local currency devaluation.

  • In February, terms of trade between livestock and cereal is in favor livestock owners as livestock has maintained higher prices.

  • As last season's bumper harvest is coming to an end and the potential local demand and demand for export to South Sudan increases, cereal prices will continue to rise over the coming months