Description:
"Price increases are now affecting a broader range of commodities when compared to reporting from last month – average prices are up for palm oil (+11%), mixed oil (+8%), rice (+3%), onions (+11%), tomatoes (+22%), and pulses (+5%) compared to last month.
The local rise in oil prices is linked to a broader global upward trend, exacerbated by import restrictions and rising transportation costs domestically.
In urban areas of Mandalay and Yangon, oil prices rose again, by 14% and 20% for mixed oil and cooking oil, respectively, in Mandalay, and by 14% for both mixed and cooking oil in Yangon.
Rice prices remained mostly stable (+1-2%) in both areas.
Compared to pre-crisis (January 2021), average prices of mixed oil and cooking oil have increased by 38% while rice has increased by 9% overall.
Compared to the same time last year (May 2020), the average price of mixed oil has increased by 52%, cooking oil by 47%, and rice by 18%.
Compared to last month, Sagaing has seen particularly steep increases across a range of commodities due to fuel price increases and disruption in transport, with average prices increasing +10% for rice, +16% for mixed oil, +27% for palm oil and onions respectively, +76% for tomato, and +3% for eggs, pulses and chickpeas respectively.
Between mid-May and mid-June, fuel prices largely stayed stable except in Dawei in the Southeast and in northern Rakhine (Buthidaung) where increases ranged from 6-13% depending on the fuel type. Compared to the first week of February, the average percent increase was 42% across all townships and fuel types..."
Source/publisher:
World Food Programme (Rome) via reliefweb (New York)
Date of Publication:
2021-06-24
Date of entry:
2021-06-24
Grouping:
- Individual Documents
Category:
Countries:
Myanmar
Language:
English
Local URL:
Format:
pdf
Size:
700.84 KB
Resource Type:
text
Text quality:
- Good