Yemen

Monthly Market Monitoring Bulletin (May 2016)

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Background

The Monthly Market Monitoring Bulletin provides monthly market prices summary on the targeted Governorate markets. It also provides and allows the users to compare the current prices with the previous month and the pre-crisis (Feb 2015) average. The market prices data and information is collected from six Governorates targeted by FSIS Programme through the Governorate Focal Units (GFU) and FSTS in Sanaa city. The prices are collected from Hodeidah, Hajjah, Dhamar, Hadramout, Lahej and Sanaa city markets. The prices are collected from 3 representative market centers and average is calculated for each location.

Highlights

  • According to FAO’s (FPMA, May 2016), the International prices of wheat remained unstable in May 2016 although remained lower than a year earlier. The benchmark US wheat (No.2 Hard Red Winter, f.o.b.) price averaged USD 201 per ton in April 3 percent down from March and 16 percent below its level a year earlier.

  • Despite the 16% decrease in the international market price, the average prices of wheat and wheat flour still shows an increasing trend in Yemen by 21.88% and 22.25%% compared to the pre-crisis era of February 2015 and goes up by 10.16% and 6.04% compared to the previous month.

  • According to the MoIT report Jan 2016 – April 2016, the volume of imported food commodities through Al Hodeidah port during the period of (January – April 2016) was 589,144 tons of wheat and cumulative total of 179,798 tons of sugar, rice, and cooking oil.

  • The average prices of locally produced commodities showed some increase in the prices in most of the governorates, where the increase in sorghum was 14.81% in Hodeida, 11.82% in Sana’a city and 11.23% in Lahej compared to April 2016. This increase in sorghum during May 2016 was due to the season of Ramadan, as sorghum consumed more during this holy month. May 2016 prices is still much higher than the pre-crisis (February 2015) reaching 103.41% in Hodaidah and 90.51% Sana’a city and more than 50% in Hajjah and Hadramout and 42.13% in Dhamar.

  • The shortage of hard currency for the importation of basic commodities continued affecting the average prices of Sugar and other commodities in the local market.

  • The average price of different types of animals (sheep and goat) showed slight increase in average prices because of supply and demand factors prevailing in all local markets in most targeted governorates.

  • Compared to the previous month, the monthly retail price of diesel and petrol remain unchanged in Hadramout, while it increased in all other target governorates, the increase ranging from 0.98% in Dhamar, 8.67 in Hajja 10.55% in Sana’a city, 20.90% in Hodeida, and 40.78% in Lahej. The prices of fuel is manipulated by the actors in the parallel market based on the supply and demand in the different local markets. However, the prices of fuel are much higher when compared to the pre-crisis era. The increase reached for petrol in Sana’a 71.67%, Dhamar 72.5%, Hajjah 81.11%, in Lahej 101.3% and in Hodaidah 102.5%. The increase in prices for diesel was the highest in Lahej 138.6%, while in other targeted governorates are ranged between 24% in Sana’a city and 31.67% in Dhamar.