Tanzania food stocks down by 4,602 tonnes in February, 2022

Published 2022년 4월 11일

Tridge summary

The Central Bank of Tanzania's report for February 2022 reveals a decrease in food stocks within the National Food Reserve Agency, attributed to maize and cereal sales for Corporate Social Responsibility purposes. Despite this, overall food crop prices saw an increase compared to the previous year, with a mixed trend between different crops for the month. The report highlights a slight decrease in inflation to 3.7% from 4% in January, aligning with the target of 3-5%. The inflation was primarily driven by consumer goods and services, with food, energy, and transport contributing to the higher rate compared to the previous year. Twelve-month food inflation also slightly decreased to 6.1% in February 2022, largely due to anticipated price increases from a delayed short rain season.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the Central Bank report, the decrease in food stocks held by the National Food Reserve Agency (NFRA) was due to sale of 4,601.6 tonnes of maize and cereals to the Produce Board of Tanzania and Njombe Region for Corporate Social Responsibility (CSR) purposes. The report however noted that the prices of the main food crops were generally higher in February 2022 as compared to the corresponding period in 2021. “On month-to-month basis, prices exhibited a mixed trend, with prices of maize, beans and finger millet decreasing, while those of rice, sorghum and round potatoes increased,” the report noted. According to the report, the price of 100kg sack of maize however decreased from 65,864/- in January 2022 to 62,326/-in February while the 100 kgs sack of beans slightly decrease from 185,156/- to 184,175/-during the same period. The price of 100kgs of sorghum also decreased from 115,376/- in January, 2022 to 121,141/- in February, 2022 while the price of finger millet ...

Source: IPPMedia