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WFP Myanmar Market Price Update (March 2022)
May 3rd, 2022 •
Author:
World Food Programme
•
1 minute read
Highlights
- Fuel price increases continued to drive up retail prices for all commodities via higher transportation costs – In March, fuel on average cost +18% more than in February and was more than double prices recorded in February 2021.
- Fuel price volatility is likely to continue amidst supply disruptions as a result of domestic policies and global events (Russia/Ukraine conflict)
- Lower than usual paddy supply resulting from challenges for farmers to access necessary inputs negatively affected rice prices
- Unusually heavy rains in mid-March damaged salt farms in Mon impacting salt prices and caused damage to onion farms particularly in Magway during critical harvest period leading to crop losses and higher prices
- Chickpea prices high in northern Rakhine due to high demand during Ramadan
- Impact of insecurity continues in many places, but particularly in Kayah, Kachin, and Chin where movement restrictions are in place
Progressive Voice is a participatory rights-based policy research and advocacy organization rooted in civil society, that maintains strong networks and relationships with grassroots organizations and community-based organizations throughout Myanmar. It acts as a bridge to the international community and international policymakers by amplifying voices from the ground, and advocating for a rights-based policy narrative.