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Yemen: Commodity Tracker (as of 31 March 2019)

 

Summary

Since the start of UNVIM operations until the temporary blockade (pre-blockade period) food imports via Hudaydah and Saleef were meeting 96% of national requirements. Q4 & Q1 import levels were about 40% less than the preblockade period. Food items may be imported via other ports, but lack similar capacity. $ Following a deposit of $200 million into the Central Bank of Yemen (CBY) by Saudi Arabia in October 2018, the average exchange rate of the YER/USD appreciated in value, resulting in the price of the minimum food basket to decrease each month until January 2019. Since the use of the $200 million deposit, lack of liquidity in the CBY has resulted in the exchange rate to depreciate again.

Fuel imports via Hudaydah & Ras Isa during the pre-blockade period met about one-third of national requirements.

Q4 and Q1 import levels were similar, although Ras Isa remains closed. Other ports also have capacity to import fuel.

The appreciation of the rial since October 2018 has also resulted in decreased diesel prices.

However, similar to the food basket, diesel prices are expected to rise if additional foreign currency is not injected into the CBY to stabilize the exchange rate.

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Webspace(s): 
Organization(s): 
United Nations Office for the Coordination of Humanitarian Affairs
Original Publication Date: 
31 Mar 2019
Map/Infographic Type: 
Data/Statistics