Eastern Africa Market and Trade Update: 2024 Q1

Eastern Africa Market and Trade Update: 2024 Q1

Nairobi (Kenya): World Food Programme (WFP), 2024.

English

17 p.

WFPELR36122024-1

This quarterly report by the WFP Regional Bureau for Eastern Africa provides a detailed analysis of food market dynamics, trade conditions, and macroeconomic trends across Eastern Africa during the first quarter of 2024. While El Niño-enhanced rainfall improved staple food availability and eased prices in many countries, conflict-related disruptions, currency depreciation, and rising fuel costs continued to drive food inflation in Sudan, South Sudan, and parts of Ethiopia. The report highlights the impact of global oil price volatility, regional currency devaluation, and macroeconomic instability on food access and affordability. It also presents country-specific updates and a short-term outlook, projecting continued market volatility and elevated food prices in conflict-affected and import-dependent areas.

ELR 3612.2024 Vol.1

eng