Alertes Sur Les Prix Intérieurs

Pays dans lesquels les prix d’un ou de plusieurs produits alimentaires de base sont anormalement élevés sur les principaux marchés
Niveau d’alerte sur les prix:  Élevé   Modéré [d’après l’ Indicateur des anomalies dans les prix (IPA)]

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Nigéria

12/07/2024

Prices of staple foods remained at very high levels in May 2024

Wholesale prices of maize, millet and sorghum were stable or increased across the country in May 2024. Wholesale prices of locally produced and imported rice followed mixed trends. Prices of millet, maize and sorghum were up to 143, 146 and 149 percent, respectively, higher year-on-year in May. In addition, prices of local rice were up to 116 percent above their year-earlier levels, while prices of imported rice were up to 123 percent higher on a yearly basis. The high cereal prices mostly reflect a weak currency, ongoing conflict that affected production and disrupted markets, and high transport costs. Furthermore, strong local demand, combined with a reluctance of traders and farmers to release stocks due to unfavourable rainfall conditions in some areas at the start of the 2024 rainy season, contributed to the high cereal prices.