Market Analysis Unit: Market Snapshot - Rakhine State (Dec 15, 2023)

Description: 

"This rapid Market Snapshot is a suppliment to the MAU Market Price Report in Rakhine State and provides further township-level data on market functionality, activity, access, and supply. Data were collected through observation and KIIs during Dec. 5-8, 2023. Reports available at www.themimu.info/market-analysis-unit. KEY FINDINGS Most town markets remained operational, but cus-tomer traffic was typically down by half or more; Minbya, Ponnagyun, and Rathedaung had few sellers still active in/around the markets; Periodic market closures affected Minbya, Mrauk-U, and Kyauktaw, but retailers still sold from home/wards; Shipping costs were often up 150-400% due to move-ment restrictions, and this stymied restocking efforts; Dwindling supply was most severe for essential foods, particularly cooking oil and in some cases rice as well; Food prices were up sharply, with rice up 4-47%, cook-ing oil up 4-88%, and vegetables often up 50-400%; Retailers often worried about transportation limits and their inability to restock essential foods and NFIs, although some retailers worried most about basic safety. Market Summaries Kyauktaw Town Market - Kyauktaw market experienced occasional closures, and retailer activity was severely reduced. Many products remained available, but prices were up 88% and 100-400%, respectively, for cooking oil and vegetables as supplies dwindled. Retailers faced numerous concerns, and market functionality varied from day to day due to conflict-related events. Maungdaw Town Market - Maungdaw market remained operational, but rice and cooking oil were scarce and expensive. The town market remained operational and many goods were available, but essential foods were becoming scarce. Rice prices were up 36-47%, and vegetables were up 50-250%. Retailers said 400% increases in shipping costs would limit supply. Minbya Town Market - Minbya market activity was severely reduced, and retailers worried most about personal safety. Supply of cooking oil and certain NFIs was particularly scarce, and prices were up 33-200% for various food items. Retailers cited broad operational challenges, and shipping costs increases of 200% prevented retailers from restocking most items. Mrauk-U Town Market - Mrauk-U market remained operational in the morning, and many products remained available. The market was closed on occasion due to conflict-related events, and retailers said customer traffic had dwindled. Resupply of goods remained difficult due to shipping cost increases of 150%. Rice and cooking oil prices were up 11-54%, while prices for vegetables were up 60-300%. Paletwa Town Market - Paletwa market remained operational, but retailers reported broad challenges. The market remained open throughout the day and many products were available, but price increases were large and retailers said rice supply in particular was limited. Retailers faced a broad set of challenges, such as declining inventories and 700% increases in shipping costs. Ponnagyun Ward Market - Damage to Ponnagyun market pushed customers to smaller ward markets where supply was severely limited. The town's morning-only ward markets (and retailers located outside the main market) struggled to supply essential foods, meat/ fish, and NFIs. Retailers were most concerned with limited inventories and 1000% increases in shipping costs. Rathedaung Town Market - Rathedaung market operated only in the morning, and retailer/customer activity was severely reduced. Supply limits were particularly severe for food items like cooking oil, and vegetables—while available—saw prices rise 50-200%. Retailers worried about 150% increases in transportation costs and poor demand as village customers no longer visited the town market to buy goods. Sittwe Town Market - Sittwe market remained operational, but rice and cooking oil inventories were severely limited and customer traffic was low. Retailers emphasized numerous serious challenges as transportation limits cut off regional traders from this commercial hub. Vegetable prices—often supplied from nearby townships—were up 50-800%..."

Source/publisher: 

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

Date of Publication: 

2023-12-18

Date of entry: 

2023-12-18

Grouping: 

  • Individual Documents

Category: 

Countries: 

Myanmar

Language: 

English

Local URL: 

Format: 

pdf

Size: 

812.82 KB

Resource Type: 

text

Text quality: 

    • Good