Publications

West and Central Africa - Markets Update: Special Issue on the Ebola Outbreak, August 2014


Key statements as of 26 August 2014:

  • Guinea: Border closure measures (Senegal/Guinea) seem to significantly increase food prices in the Labe market. The full extent of Ebola on food prices remains unclear and will continue to be closely monitored and analysed;
  • Liberia: The official announcement of the Ebola outbreak in March 2014 did not seem to affect the price of imported rice at first. However, the deteriorating situation is a likely contributor to the increase in food prices observed since July 2014. The current analysis suggests that the increase in rice prices is due in part i) to the devaluation of the Liberian Dollar, ii) a general increase of international rice prices and iii) movement restrictions in certain parts of Liberia.
  • Sierra Leone: Similar to Liberia, it seems that the geographic spread of Ebola has led to a price increase of imported and local rice since July. As of 25 August 2014, data on food prices is extremely limited to enable a reliable price analysis.
  • Regional: The situation in Nigeria will continue to be closely monitored.