Sudan Market Monitor June 2022
|Post date||Monday, 18 July, 2022 - 11:15|
|Content Themes||Markets, Information Management|
|Sources||Food Security Cluster / Sector, FAO, Government, WFP|
- Coarse grain prices continued to rise in May 2022, reaching new highs. Sorghum and millet farmed locally continued to rise in price in May, climbing seasonally by 3 to 10% and breaking new records.
- Prices remained more than double their year earlier levels, supported by below-average output owing to shortages of better seeds and fertilizers, rising energy bills impacting pump irrigation, and higher demand due to surging import wheat prices.
- Import requirements for wheat, mostly eaten in metropolitan areas and predominantly imported, are officially anticipated to be around 2 million tonnes for the 2022 marketing year (January/December). The country's ability to meet its wheat needs is seriously questioned by its heavy reliance on imports from the Russian Federation and Ukraine (more than 50%), the high price of wheat on the world market, the lack of foreign currency reserves, and the ongoing depreciation of the national currency.
- As a result of the challenging macroeconomic environment, as well as high prices for gasoline and agricultural inputs, which inflated production and transportation expenses. Conflicts between communities and increased political unrest added to the growing pressure on pricing.