Monthly Market Monitoring Bulletin (April 2018)

Key report highlights:

Globally: The FAO Food Price Index* (FFPI) averaged 173.5 points in April 2018, nearly unchanged from March but up 2.7 percent from the corresponding period last year. The FAO Cereal Price Index averaged 168.5 points in April, 1.7 percent (2.8 points) higher than in March and some 15.4 percent above its value in April 2017. The benchmark US wheat (No.2 Hard Red Winter, f.o.b.) averaging USD 246 per ton, 12 percent higher than three months earlier and 24 percent up from March 2017. (FPMA – FAO April. 2017)

Exchange Rate: At the time of reporting, Governorates monitoring data showed variation in the un-official exchange rate of the Yemeni Riyal against US dollar across the 13-targeted governorates. The exchange rate ranged between 482 in Al Baidha and 495 YR/USD in Abyan. Compared to the previous month, the rate remained stable, where the overall average rate recorded in April 2018 was 487 YR/USD, with an increase of 127% compared to the pre-crises period (February 2015) of its value (215YR/USD) against the U.S dollar