Eastern Africa Market and Trade Update: 2023 Q3

Eastern Africa Market and Trade Update: 2023 Q3

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

English

15 p.

WFPELR36122023-3

This quarterly report by the WFP Regional Bureau for Eastern Africa provides an in-depth analysis of food market trends, trade dynamics, and macroeconomic conditions across Eastern Africa during the third quarter of 2023. Despite improved harvests in some areas, food prices remained elevated due to persistent macroeconomic challenges, currency depreciation, and high fuel and transport costs. The report highlights the impact of the ongoing conflict in Sudan, the depreciation of local currencies, and the effects of the forecasted El Niño event on food production and trade. South Sudan, Sudan, and Somalia recorded the highest food basket costs in the region. The report includes country-specific updates and a short-term outlook, projecting continued food price pressures and market volatility through the end of 2023.

ELR 3612.2023 Vol.3

eng