The price of corn in Cape Verde remained near its highest level in 12 months in August, according to an agri-food surveillance report published by the United Nations.
“Retail prices for locally produced maize recorded an increase of up to 10% in the post-harvest period, from October 2022 to February 2023, reflecting strong demand,” the country said in the latest Global Information and Early Warning System for Food and Agriculture (GIEWS) report ), with whom Lusa consulted this Wednesday.
Subsequently, “corn prices followed mixed trends between March and August, when they were near their highest level in 12 months,” the document, based on price collections from local markets, noted.
The report illustrates the dynamics with a graph that shows the rising price trend since August 2021, when it approached 120 Cape Verdean escudos (€1.08) per kilogram on both Santiago Island (the most populous) and Santo Antan Island.
In Santo Antana, the price rose steadily until it peaked in January this year at over 160 escudos (€1.45), declining since then but remaining around 155 escudos (€1.40).
On the island of Santiago, the price has undergone great fluctuations throughout the year, always with a peak before the harvest, reaching almost 170 escudos (1.54 euros) in August this year.
For other grains, the price of imported wheat flour was set in August at 10% to 30% higher than the previous year, at around 90 Cape Verdean escudos (81 euro cents) per kilogram. imported rice remained “stable,” close to 2022 levels in most markets.
GIEWS is a tool of the Food and Agriculture Organization of the United Nations (FAO).
Author: Lusa
Source: CM Jornal
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