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Price monitoring and analysis country brief - Guinea

Year of publication 2012

Author Agriculture and Economic Development Analysis Division

Product type Document

Category Other document

Edition 1

Synopsis (short abstract) Rice prices have followed an upward trend, seriously constraining access of poor urban and rural populations, to food. An estimated 600,000 people are classified as severely food insecure with an additional 1.7 million people considered at risk of food insecurity. The political situation in the country is considered still tense. There are no government policies in the agricultural sector reported in the reference period.

Language English

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    Access to food is constrained by high prices resulting from a strong depreciation of the local currency. A substantial section of the population are exposed to chronic food insecurity, agencies report localized food insecurity and depict the situation of hunger as serious. Increasing political tensions is reported. Government development programs and interventions have been constrained by the political tensions in the country.
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    The sharp increase in staple food prices reached its record level in July leading also to considerable deterioration of terms of trade for pastoralists. An estimated 3.75 million people are classified as food insecure. Major concerns are for the over 490,000 Somali refugees who are in dire need of emergency assistance. The food security situation continues to deteriorate as a consequence of persistent drought condition combined with high food prices, insecurity and displacement. The worst af fected areas are the northern and eastern parts of the country. The Government waived the import duty on maize to ease prices to consumers, while humanitarian aid agencies and UN institutions are assisting the population.
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    Maize prices increased slightly, with the highest prices recorded in the south where the purchasing power of poor and very poor households is limited. Overall food security is satisfactory, but areas of concern remain in areas affected by production losses and high food prices. Despite a dry spell and localised flooding in the first months of the year, national cereal production increased by 5% in 2011. The Government has implemented measures to support production, but reduced the subsidy on wheat. Social support programs are in place.
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