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WFP Myanmar Market Price Update (March 2022)

May 3rd, 2022  •  Author:   World Food Programme  •  1 minute read
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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

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