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A Somalia market update for 5 to 12 December 2021 reported heavy rain disrupting transport in Jubaland. Wholesale prices of white maize and red and white sorghum rose by 36% to 44% per 50 kg bag in Bakara market in Mogadishu.
Transport disruption and rising local cereal prices point to tighter food supply in Somalia. The impact on world grain prices is minimal, though it adds to regional food security pressure.
reliefweb.intDec 14, 2021After 285 past bullish logistics events, Corn moved a median +0.1% over 5 sessions (52% higher; middle half -1.5% to +1.5%), and +0.8% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
