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Somalia's April 2021 market update reports consumer prices rising 2-7% month on month across regions, driven by higher sorghum prices. Local cereal prices rose 2-12% on low carryover stocks and concerns about the Gu season harvest.
Low carryover stocks and harvest doubts are tightening local sorghum supply in East Africa, which keeps sorghum prices firm. The effect on global sorghum pricing is limited because this is a small local market.
reliefweb.intMay 31, 2021Not 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.
