Eastern Africa Market and Trade Update: 2023 Q2

Eastern Africa Market and Trade Update: 2023 Q2

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

English

13 p.

WFPELR36122023-2

This quarterly report by the WFP Regional Bureau for Eastern Africa analyzes food market trends, trade dynamics, and macroeconomic conditions across Eastern Africa during the second quarter of 2023. Despite a global decline in food and fuel prices, local food prices remained high due to currency depreciation, below-average harvests, and conflict-related disruptions—particularly in Sudan and South Sudan. The suspension of the Black Sea Grain Initiative is expected to reverse recent declines in international grain prices, with significant implications for food-importing countries in the region. The report highlights continued inflationary pressures, elevated fuel costs, and rising food basket prices, with South Sudan, Sudan, and Somalia recording the highest costs. Country-specific updates and a short-term outlook suggest persistent food insecurity and market volatility through the coming months.

ELR 3612.2023 Vol.2

Anglais