Yemen: Wheat imports through Hodeidah Port decline 54% after Israeli strikes

게시됨 2024년 9월 25일

Tridge 요약

A recent UN and Yemeni government report has highlighted a significant decline in wheat imports through Hodeidah port, which is under Houthi control, due to Israeli airstrikes and attacks on international shipping by the Houthi militias. The report also notes a dramatic depreciation of the local currency in government-controlled areas, reaching a record low against the US Dollar in August 2024. Despite these challenges, the report does not forecast immediate shortages of essential food commodities and fuel in Yemen. Strict exchange rate regulations in Houthi-held areas have helped stabilize the currency there. The report also notes an increase in food imports and fuel prices in government-controlled areas, attributed to the depreciation of the local currency and a slight decrease in import volumes through Aden and other Arabian Sea Ports.

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원본 콘텐츠

A recent report by the United Nations and the Yemeni government revealed a substantial decline in wheat imports through the Houthi-controlled Hodeidah port, following Israeli airstrikes and attacks by the Iran-backed Houthi militias on international shipping. The report also showed that local currency in government-controlled areas sustained declining trend against the US Dollar, decreasing by 2% month-on-month, reaching a historic low of 1,904 Yemeni rial per 1 US dollar in August 2024. The UN report on Yemen market and trade said that over the last two years, the rial in government-controlled areas has substantially depreciated, losing 26% of its value year-on-year and 38% against the 3-year average. The weakening of the rial in those areas is primarily because of depleted foreign exchange reserves, which recently deepened by the banking sector disruptions. Meanwhile, stringent exchange rate regulations in Houthi-held areas have helped maintain exchange rate stability despite US ...

출처: UkrAgroConsult