Retail prices of wheat flour rose sharply to a new record high in March 2024.

Wholesale prices of rice stabilized April 2024, but remain at high levels mostly due to tight market availabilities and high production and transport costs.

Prices of cereals registered further increases in March and were well above their year-earlier values, supported by the below-average 2023 cereal output, high transport and input costs, a weak currency, strong local demand, and conflict-related market disruptions.

White maize prices rose to record levels in April 2024, amid a damaging drought that is seen to result in a below-average 2024 maize harvest.

Prices of maize and sorghum eased in April 2024 after having surged in March following a sharp depreciation of the national currency due to reduced oil exports. Prices are at near-record levels due to tight supplies, the lingering impact of prolonged conflict and macroeconomic challenges.

Prices of cereals continued to increase in February 2024 despite the recent completion of the 2023 harvest, as cereal production was sharply reduced due to the ongoing conflict. High input prices boosting production and transport costs provided further support to prices.

Maize grain prices were close to record highs in April 2024, as drought conditions are expected to cause a steep drop in maize production, which could stoke inflationary pressure.

Maize grain prices were close to record highs in April 2024, as drought conditions are expected to cause a steep drop in maize production, which could stoke inflationary pressure