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Highlights:
• Market costs in Timor-Leste for cereals and noncereal gadgets have remained regular or barely decreased since September. This commentary is per the FAO meals worth index (FFPI) of 135.9 captured in October, a determine just about unchanged from September.
• October cooking oil costs continued the lowering pattern, marking a 38.4 % lower since June.
• Native rice costs traded at US$ 1.48/kg, a determine 2.33 % lower than the earlier month. All through Q2 and Q3 of this yr, imported rice constantly traded at US$ 0.58/kg – a determine 2.5 instances lower than that of native rice.
• All through 2022, Ainaro, Lautem, and Viqueque have proven the most important variation (US $1.30) within the worth of native rice; whereas Aileu, Manatuto, and Oecusse have proven the smallest (US$ 0.10).
International worth overview: cereals & non-cereals
In response to the most recent Meals Worth Monitoring and Evaluation bulletin (FPMA) by the FAO, worldwide costs of all main cereals elevated in October.The Grains and Oilseeds Index (GOI) revealed by the Worldwide Grains Council (IGC) noticed a month-on-month improve of 1.0 % this October, with a stabilization 0.2 % change within the common international worth of rice in comparison with that of the earlier month. That is presumably as a result of uncertainties surrounding an extension of the Black Sea grain export deal,* which is aimed toward easing international meals shortages throughout the ongoing Russian – Ukrainian battle. Decrease manufacturing estimates, and the hovering price of fertilizers for main grain producing nations such because the US, Australia, and not too long ago Argentina – a rustic already battling with extreme drought since June – all contribute to an uneasy local weather surrounding the worldwide costs of fundamental meals gadgets.
Opposite to the growing worth pattern of cereals worldwide, the typical worth of native rice in October has barely decreased by 2.33 % from the earlier month, buying and selling at US$ 1.48/kg. Aside from the noticeable lower in June when native rice was offered at an all-time low of US$ 1.13/kg, costs have maintained a declining pattern all through a lot of this yr. The present worth for native rice, nevertheless, remains to be considerably greater compared towards the three-year common of US$ 1.23/kg. This means a rise of 20.4 % in October, from the three yr common.
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