Wheat price remains high

Published on 18 January 2009

Although the price of wheat has dropped almost 60 percent on the international level since early 2008, Yemeni importers and wholesalers are creating price hikes to increase their profits, say retailers. Last week, the price of wheat witnessed an unjustified increase. In two weeks, the price of a 50-kilo sack of wheat has increased from YR 4,200 to almost YR 6,000, four times its price in 2007. [...] In remote villages, the high price of food has led families to regularly skip meals and spend over two-thirds of their income on food, forcing some to pull children out of school because they cannot afford it, according to a recent assessment by the World Food Program.

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The Yemen Times