Somalia -Markets Update:

Somalia -Markets Update:

  • Prices: Food, as well as non-food prices, exhibited a mix of increases in decreases, except for Jubaland, Somaliland, and Galmudug, where prices fairly consistently remained stable or decreased only mildly (1-3%).
  • Local cereal (red sorghum & white maize) prices remained relatively stable in most states except in Mogadishu, where white maize prices were significantly higher (by 16%) compared to last week due to higher demand linked to Ramadhan festivities.
  • Similarly, the prices of most imported foods either remained relatively stable or changed mildly (3%) in most states. The exception was in Mogadishu, where wheat flour prices increased by 8% due to the increase in demand linked to Ramadhan. Contrary, compared to a week ago, imported rice prices declined (by 18%) in Mogadishu, which is attributable to higher flows of stocks to market.
  • A significant decline in camel milk prices was recorded in Hirshabelle (by 11%) and Southwest (by 15%), which can be traced to slightly improved milk availability due to improved water supply and slowly replenishing pastures after the Gu rains.
  • The wage labor rates remained relatively stable in most states except in Hirshabelle where the rates declined (by 14%) due to reduced agricultural activities along irrigated farms. This reduction is especially visible in Beletweyne where the river levels reached risk of flooding (according to FAO-SWALIM).
  • Fuel (diesel) prices declined in Mogadishu (by 4%), Hirshabelle (by 13%), and Puntland (by 3%), while it remained relatively stable in other states. These price drops were mainly driven by the bulk supplies that reached markets as roads that had been flooded became passable.
  • Availability: In the markets monitored across Somalia, there were enough stocks of necessities to meet demand. The bulk of the stores had plenty of supplies of essential food items. Most damaged roads during the beginning of Gu rains were cleared, enabling good flows of commodities and adequate availability. However, in Hirashabelle, availability has slightly reduced as a result of heavy rains and temporary flooding.
  • Supply Resilience: Most parts of Somalia regions enjoyed good supply chain resilience, with the exception of the areas affected by Gu rains or crisis (Hirashabelle and Puntland). Demand for supplies increased with Ramadhan and merchants were able to re-stock to meet increased demand. Even though some slight price increases were noted, wholesalers and importers were able to respond to the increased demand.
  • Trade logistics: Trade and commodity transportation into Somalia was robust, with most of the roads being accessible and transportation services running smoothly. In Johwar, there is a slight restriction on the movement of trucks carrying essential food commodities within the region and to Mogadishu because the areas nearby were affected by security operations. In Jubaland, the route between Luuq and Mogadishu is still not accessible as a result of heavy rains.
  • Food Items Assortment. In all markets monitored, a broad selection of food items was available for the consumers to choose from. Milk, meat and fish products, as well as fresh fruits and vegetables were readily available.

Source according to FAO-SWALIM).

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