Categories Crypto Trading Tips

Coronavirus – Mozambique: Market and Price Monitoring

• According to the behavior of basic food prices in June, important variations were detected in urban markets monitored by INFOCOM and rural markets monitored by SIMA (maize grain, manufactured corn flour, imported rice, butter beans, vegetable oil and sugar);

The border closure with South Africa continues to constrain the supply of Mozambican markets, thereby resulting in an upward pressure on prices

• In some rural markets monitored by SIMA, there were pronounced decreases in the average price of butter beans (33.3%) and maize grain (20%), which can be explained by the availability of these commodities during this season (i.e. the beginning of the harvest season mainly in rural areas of Mozambique);

• Prices of imported goods such as imported rice and vegetable oil increased in some markets. This can be partly attributed to the continued depreciation of the metical against the USD. On the other hand, weekly prices of maize grains, butter beans and brown sugar have been decreasing/stabilizing in many rural markets and urban areas;

• Formal and informal imports (commonly called mukheristas) mainly from South Africa are being negatively affected by travel restrictions due to the COVID-19 pandemic. The border closure with South Africa continues to constrain the supply of Mozambican markets, thereby resulting in an upward pressure on prices.

Download Report: https://bit.ly/3fN1tpe

If you desire to spend cash or crypto on any platform, we don't recommend it. Many offers we present you here doesn't require your spending money to earn anything. For those that do, please do your due diligence before comitting your earnings to it.

More From Author

Leave a Reply

You May Also Like

THE UNSIGHTLY REALITY OF CRYPTO TRADING (Few Dare to Acknowledge)

You acquire a coin, momentarily believe you’ve deciphered the secret… only to watch it plummet…

Cryptocurrency Trading Establishes Itself in the Conventional FX/CFD Brokerage Sector

Cryptocurrency trading has achieved mainstream status within the FX domain. What initially began as a…

Gemini Credit Card Assessment: Acquire cryptocurrency rewards by making qualified transactions

If you are uncertain about whether a cryptocurrency card suits your needs or if you…