Retail prices of bread rose threefold compared to a year earlier in May 2024.

Wholesale prices of rice increased to new record highs in June 2024, mostly due to tightening seasonal availabilities and high production and transport costs.

A weak currency, conflict-related market disruptions, high transport costs and strong local demand combined with inadequate local supply, kept prices of cereals at very high levels in May 2024.

White maize prices firmed up in June 2024, amid lower national supplies and strong export demand.

Prices of maize and sorghum remained firm in June 2024 at record levels due to tight supplies, the lingering impact of prolonged conflict, macroeconomic challenges and, more recently, reduced oil exports.

Prices of cereals continued to increase in May 2024 mainly due to the ongoing conflict, which resulted in a sharply reduced cereal production in 2023. Soaring input prices boosting production and transport costs, and insecurity-related trade disruptions provided further support to prices.

Maize grain prices fell seasonally in June 2024 for a third consecutive month, but remained 73 percent higher year-on-year.