Market price

Myanmar WFP Market Price Update (May 2022) – Myanmar

  • The cost of the basic food basket (rice, oil, chickpeas, salt) remained stable in most areas, except in Mon where the price of chickpeas and salt increased as the rainy season contributed to the challenges and current transport costs.

  • Edible oil prices remained stable overall in May, although there were some variations between markets due to transportation costs. It is unclear to what extent wholesale price fixing of edible oils, implemented by the Ministry of Commerce in an attempt to stem the price spike, has affected retail prices in retail markets.

  • Slight seasonal increases in rice prices (+3% in total) were observed at the start of the planting season.

  • Egg prices continue to rise (+10%) largely due to high chicken feed costs, linked to reduced feed availability for livestock in the context of the Russian-Ukrainian conflict. Almost all regions are now seeing prices more than 50% higher than last year.

  • Tomato prices have increased in most markets due to lower local seasonal production.

  • Transport is still affected everywhere by insecurity (especially in Chin, Sagaing and Kayin) as well as high fuel costs – octane fuels have increased by around 13% and diesel by around 24 % month-over-month since April and are more than double. that of a year ago.