Domestic Price Warnings

Countries where prices of one or more basic food commodity are at abnormal high levels in main markets.
Price warning level:  High   Moderate [Based on the Indicator of Price Anomalies (IPA)]

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South Sudan

13/05/2024

Prices of maize and sorghum eased in April 2024 after having surged in March to record levels as a recent reduction in oil exports resulted in a sharp depreciation of the national currency

In the capital, Juba, prices of cassava, maize and sorghum eased by 5–15 percent in April 2024 after having surged in March by about 30–40 percent. Prices of imported wheat and groundnuts, by contrast, continued to increase in April, rising by about 10–20 percent, albeit at slower rates compared to March, when they surged by about 45–55 percent. Prices surged in March following a sharp depreciation of the national currency, mainly as a result of a substantial reduction of oil exports due to damages to the pipelines passing through the Sudan and by disruptions in oil shipments via the Red Sea. Nominal food prices in April of locally produced sorghum and maize, the most consumed cereals, were more than 50 and 80 percent, respectively, higher than their already high year-earlier values and almost 200 times those in July 2015, before the currency collapse. Underlying the high food prices are insufficient supplies due to low local production and the continuously difficult macroeconomic situation due to low foreign currency reserves and a weak national currency.