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Sudan Monthly Market Update - June 2010

, 29/06/2010 - Contrary to the international prices of key food staples, the food inflation rates in Sudan continued to rise indicating a rise in effect of the vulnerable group. May 2010 prices for most of the major cereal grains also increasing at a very high level and generally higher than the five years average of 2004 - 2009. While the main drivers for the international price decline are attributed to the increase in world supplies, a significant decline in local production and its supply are the key factors for price increases in Sudan. Cereal prices are expected to increase further or at least stabilize at their very high May levels as stocks held by big traders dwindle for the coming lean season. However, the level and quality of the upcoming summer harvest could influence price changes in either direction. On the other hand, the world market looks to be heading towards another stable season, which could put further downward pressure on international prices (FAO-Food Outlook, June 2010). Local consumers - especially the rural poor – will be forced to buy a small amount of their consumption and other household necessities. It will be, therefore, essential to achieve some degree of price stabilization, to minimize the adverse effects of price hikes on the poor.
Written by SIFSIA Northern Sudan and Sudan Government of National Unity (GNU)
Add file  SMMU_June10.pdf

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