WFP Borno and Yobe States Market Monitoring Report – Issue 25 (April 2019)
|Post date||Wednesday, 15 May, 2019 - 09:16|
|Document Type||Monitoring Report|
|Content Themes||Agriculture, Cash and Vouchers, Markets, Food Security|
This market price bulletin presents a snapshot of changes in the prices of key staple food commodities which are important for calculating the cost of food basket for households in north eastern Nigeria. In Borno State, the monitored markets include Monday market, Abbaganaram, Budum, Kasuwan Shanu, Bullumkutu, Baga Road, Tashan Bama, Custom market. On the other hand in Yobe State, Damaturu, Bursari, Gujba, Potiskum, Jakusko, Geidam, Yunusari, Yusufari, Bade, Nguru and Gulani markets are monitored.
Key highlights include:
· Thanks to the ongoing dry-season harvest, the price of red beans, maize flour, local and imported rice, has remained either stable or reduced considerably in most markets of Borno and Yobe when compared to the past three months. However compared to the same period last year prices of imported rice, ground nuts and maize flour increased by 6-47 percent.
· In Yobe, the price of red beans decreased by 12.5 percent in Yunusari, 14.3 percent in Nguru, 21.4 percent in Damaturu markets. Similarly, most of the markets in Borno registered a decrease ranging from 12 to 38 percent over the past three months.
· The cost of the Survival Minimum Expenditure Basket for a family of 5 decreased by 1 percent from 17,323.56 Naira to 17,182.10 Naira in Maiduguri, while it increased slightly in Damaturu by 3 percent from 12,909.75 Naira to 13,256.25 Naira, between March and April 2019. The SMEB is made up of maize, rice, red beans, peanuts, palm oil/vegetable oil, salt and sugar.
· The stable and decreasing trend in the prices of staple food items during the past three months can be attributed to improved market supply which would likely bolster market-dependent households’ access to these staples in the short term.