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Sudan's Dabanga reports that sorghum and sesame prices in El Gedaref have risen to SDG 1,000 per ardab. Farmers blame a small number of traders controlling the market, after the government sold its stocks to merchants earlier in the year.
Rain damage to government-held sorghum also reduced available supply.
This is a local Sudanese market story with little effect on world sorghum prices. It shows tight domestic supply and trader concentration in a sorghum-importing region.
dabangasudan.orgDabangaDec 17, 2017Not 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.
