Timor-Leste

Market Monitor Report: Timor-Leste | Week 37/38 2021 (13th– 26th September)

Format
Situation Report
Source
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Highlights

• An uptick in the nominal price of local rice observed in the last two weeks of September following steady declines in the preceding months. Based on seasonal patterns, nominal prices of local rice are expected to strengthen but the relatively higher production this year may limit the gains.

• Imported rice prices remained on a downward trajectory in the month of September, now nearly same level as the two-year average.