The cereals market in Ethiopia has shown a degree of stabilization with a slight decline in the price of produce.

The price of cereals declined or remained constant due to a mehar harvest expected to be bumper in spite of an irregular rainy season. The harvest is expected to increase the supply of staple grains on the market with and lead to a further decline in prices later on this year according to a report issued by the United Nations Office for Co-ordination of Humanitarian Affairs. Reduced yield is however expected for the second harvest due to erratic belg rain in rain dependent areas in Southern and Southeastern Tigray, Eastern Amhara, West Harerge and some areas in Bale, Arsi, Borena, West and North Shewa and agricultural and agro-pastoralist areas in Somali.

Source: Fortune