Timor-Leste

Market Monitor Report: Timor-Leste | Week 31/32 2021 (2nd – 15th August)

Format
Situation Report
Source
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Highlights

• A significant drop in local rice prices as the main harvest nearly complete, signalling increased availability.

• Policy-wise, direct institutional purchases of local rice from local farmers by National Logistics Centre (NLC) is in progress with an overall target of around 4,000mt for stockpiling.

• Imported rice prices continue to steadily decrease reflective of the global price weakness, however, it remains above year-earlier levels.