Market price

WFP Myanmar Market Price Update (August 2021) – Myanmar

  • Overall rice and oil prices in August 2021 remained stable compared to the previous month (+ 1-2%), but were considerably higher than at the same period last year (+ 19% for the rice, + 61% for oils)

  • Kayin has seen the price of rice rise by + 14% due to a combination of COVID-19 that has caused disruption of rice milling, store closings and closures, as well as conflict and flooding

  • The upward trend in the prices of chickpeas and pulses continued as stocks decline in a context of low production this year and strong local and international demand (+ 10% and + 6% compared to the previous month , respectively)

  • Egg prices have stabilized in most regions but remain above normal (+ 27% more than in August 2020) given the high demand, with the notable exception of Shan where prices have again risen. increased by + 11% due to strong demand, challenges related to COVID-19 transport and the worsening local exchange rate with the Chinese yuan (the kyat depreciated by 20% against the yuan between January and August 2021).

  • As commodity prices have risen across the country, Shan State has experienced noticeably constant upward pressure on almost all commodities since the start of 2021 due to transportation issues and dependence on vis against the Chinese yuan.

  • Overall tomato prices continue to decline (-8%) as local availability improves. However, some regions have seen their prices increase due to dependence on imports from other states / regions and transport issues (cost, travel restrictions, delays and reduced frequency causing spoilage etc. )

  • Of the reporting merchants, 12% experienced a product shortage in August, 17% said they did not expect to receive products within a week of placing the order, and 16-17% said they could not. not predict prices in 1 week or 1 month for at least some goods.

  • Fuel prices fell slightly from late July to late August, to -3% for diesel, -2% for super diesel and -1% for 92 and 95 octanes each. Compared with early February 2021, prices are +36 to 50% higher per type of fuel in the municipalities monitored.