Eastern Africa Market and Trade Update: 2022 Q4

Eastern Africa Market and Trade Update: 2022 Q4

Nairobi (Kenya): World Food Programme (WFP), 2023.

English

15 p.

WFPELR36122022-4

This quarterly report by the WFP Regional Bureau for Eastern Africa provides an in-depth analysis of food market trends and trade conditions across Eastern Africa during the fourth quarter of 2022. Despite a global decline in food and fuel prices, the region experienced sustained high food inflation due to prolonged drought, currency depreciation, and elevated production and transport costs. Staple food prices, particularly cereals, remained significantly above five-year averages, exacerbating food insecurity. The report includes country-specific assessments and a short-term outlook, projecting continued market volatility and elevated food prices into early 2023.

ELR 3612.2022 Vol.4

eng