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Sudan Monthly Market Update - Nov 2010

, 30/11/2010 - According to the Nov10 FAO food outlook report, food import bills for the world’s low-income food-deficit countries are predicted to rise by 20 percent. If the international prices pass through the local market, the current trends will have severe implications for Sudan, which depends on 2 million tons of commercial imports of wheat in recent years and the demand is rising. Contrary to these international market price trends, prices of major cereals in Sudan declined by about 20 percent between July and October 2010. Khartoum sorghum and millet prices declined by 25 and 15%, respectively, between July and October 2010. Khartoum wheat prices increased by a mere 6% while international wheat prices increased by about 39% during the same period. Khartoum wheat prices further declined by about 8 percent in October compared to the previous month though international wheat prices stabilized at 3%. This may indicate that local prices are insulated from international market trends but with a high cost. The decrease in sorghum prices is particularly reassuring for consumers as sorghum is a major staple food for poor households with limited access to food in the market during most of the year. However, these low prices will need to provide adequate returns and maintain domestic production incentives.
Written by SIFSIA Northern Sudan and Sudan Government of National Unity (GNU)
Add file  SMMU_Nov10.pdf

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