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WFP/FEWS NET's November 2016 Sudan update says harvests should reduce food insecurity, though new government measures devalued the Sudanese pound and cut fuel subsidies. Retail sorghum prices were stable or down up to 20 percent from September to October but remained about 20 percent above October 2015.
Currency devaluation and fuel subsidy cuts raise transport and input costs, which can keep local staple prices elevated despite harvest supply, supporting sorghum prices in Sudan.
reliefweb.intDec 1, 2016Not 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.
