Prices of coarse grains followed mixed trends in October, with conflict-related disruptions in the north and east, limiting the seasonal pressure of the ongoing harvesting of crops in the north and east. Prices of coarse grains remained well above their year-earlier levels, underpinned by poor security conditions and strong demand supported by a large, displaced population.

Prices of wheat stabilized ahead of the 2022 harvest, but remained well above their year-earlier levels.

Wholesale prices of wheat flour continued to rise to new record levels.

Prices of white maize weakened moderately, but remained at significantly high levels.

Prices of maize declined or levelled off in October at near-record to record levels. Prices of other cereals, including Teff and wheat, are also at record levels. The high price levels are mainly due to the continuous depreciation of the national currency and conflict-related trade disruptions.

Prices of coarse grains increased further in October, despite seasonal downward pressure, and were well above their year-earlier levels, mostly underpinned by strong export demand and a continuous depreciation of the national currency. Higher international commodity prices, exacerbated by the war in Ukraine, have added pressure to domestic food prices.

Maize prices reached a record high, underpinned by currency weakness and tighter supplies.

Prices of coarse grains were up to 125 percent higher on a yearly basis, reflecting a tight supply situation underpinned by reduced 2021 cereal outputs, conflict-related disruptions and seasonal demand. lingering effects of ECOWAS sanctions, export bans in neighbouring countries and below-average production prospects in 2022, also added pressure to prices.

Prices of white maize in Puebla more than doubled their year-earlier levels in October.

Prices of rice at record levels in October, supported by strong export demand, high transportation costs and expectations of a below-average 2022 production.