Eastern Africa Market and Trade Update: 2024 Q3

Eastern Africa Market and Trade Update: 2024 Q3

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

English

13 p.

WFPELR36122024-3

This quarterly report by the WFP Regional Bureau for Eastern Africa provides a comprehensive analysis of food market trends, trade flows, and macroeconomic conditions across Eastern Africa during the third quarter of 2024. Despite a global decline in cereal prices, local food prices remained elevated in conflict-affected and economically fragile countries such as Sudan, South Sudan, and Ethiopia. The report highlights the impact of currency depreciation, fuel price volatility, and disrupted supply chains on food access and affordability. It also details cross-border trade dynamics, inflation trends, and the cost of local food baskets, with Sudan recording the highest food basket cost in the region. Country-specific updates and a short-term outlook suggest continued market volatility and food insecurity in vulnerable areas.

ELR 3612.2024 Vol.3

eng