Market Monitor Report: Timor-Leste (May 2022) – Timor-Leste

Highlights

• Cooking oil costs elevated by 17 % throughout the month of April and an additional 54 % in a single yr on account of diminished international provide coupled with latest commerce bans within the neighbouring Indonesia-the world’s largest producer and exporter of palm oil.

• A marginal improve within the worth of native rice was noticed within the month of April, in comparison with the earlier month. Probably on account of incoming recent harvests that ought to make their manner into the native market within the subsequent few weeks.

• Worth of imported rice proceed to development upwards on each the native and international markets, nevertheless, stay decrease than year-earlier values.