Market Analysis Unit: Market Price Report - Sagaing Region (April 2024)

Description: 

"The MAU tracks market prices in southern Sagaing Region. Data are collected from three vendors per product per market at the end of each month. The data include prices from Monywa (main market), Myaung (village), Shwebo (main market), Ye-U (village), and Yinmarbin (village). Data and product specs are available at www.themimu.info/market-analysis-unit. KEY FINDINGS April saw numerous and deep price hikes in Sagaing—the most since monitoring began in September 2023; Cooking oil prices rose 15%, but essential foods were less affected by rising prices than other product groups; Prices for some vegetables rose at least 40% in April, indicating a break with winter's more stable prices; Meat and fish prices rose 10-20% in April, and falling prices were extremely rare; Hygiene NFI prices rose faster than other NFIs in April as detergent, soap, and toothpaste rose 6-22%; NFI prices rose slower than other goods at 2-10%, but nearly all NFIs monitored saw prices rising; Price hikes were broadest in Monywa and Shwebo where half of all products monitored rose 10% and 12%, respectively. Product-Level Price Changes Essential Foods – Cooking oil prices rose 15% in April, while price trends for rice and pulses varied by market. Cooking oil prices rose again, adding another 15% to February's increas-es. Prices for rice and pulses varied by market, with prices up in Monywa, Shwebo and Yinmarbin but down in Myaung and Ye-U. Vegetables – Vegetable prices rose sharply in April, most of all for eggplant, long bean, and green chili. Prices for eggplant, long bean, and green chili rose at least 40% in most markets in April. Garlic prices were up 8%, while onion prices fluctuated. Shwebo alone reported falling vegetable prices in April. Meat and Fish – Meat and fish prices increased 10-20% in April, and there very few falling prices. Prices for dried fish and chicken increased 10%, while shrimp and fish paste rose 18% and 20%, respectively. Prices for fresh fish rose and fell in differ-ent markets. All markets saw higher meat/fish prices in April, but Ye-U saw the steepest increases at 18-25%. Hygiene Products – Prices for hygiene products rose 6-22% in April, outpacing price increases for other NFIs. Soap and detergent prices rose 17% and 22%, respectively, in April. Tooth-paste prices rose across markets in April as well, but only 6%. Sanitary pad prices were mostly stable. The steepest price hikes for hygiene NFI were in Monywa where prices climbed 29-36%. Other NFIs – NFI prices increased 2-10% regionwide, although there were some differences at the township-level. Prices for cooking pots, plastic tarps, blankets, and jerry cans rose 2-4% in April, while prices for towels, mosquito nets, and umbrellas rose a slightly-larger 5-8%. Shwebo saw sharper price increases and more stockouts, while Myaung and Ye-U saw smaller increases and even a few price cuts of 3-10%..."

Source/publisher: 

Myanmar Information Management Unit (Myanmar) via "Reliefweb" (New York)

Date of Publication: 

2024-05-23

Date of entry: 

2024-05-24

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar

Language: 

English

Local URL: 

Format: 

pdf

Size: 

686.93 KB

Resource Type: 

text

Text quality: 

    • Good