Cambodia Market & Seasonal Update (September 2023) , Available in English.

Oct 27, 2023

We are pleased to share the Cambodia Market & Seasonal Update (September 2023) , Available in English and in Khmer. In September 2023, global food inflation remained high amid food export restrictions imposed by some major producer countries, as well as uncertainties surrounding the El Niño phenomenon and its potential impact on global agricultural production.
In Cambodia, the cost of a basic food basket (BFB) continued to rise, by 1.8% in September 2023 compared to the previous month. The increase in the cost of the BFB can be attributed to price hikes for mixed rice observed since August this year amid global supply restrictions. The cost of the BFB exceeded last year’s levels by 3.9% and 5.6% in rural and urban areas, respectively. This situation raises concerns, considering that local food prices were already elevated in 2022.
The purchasing power of vulnerable groups experienced a moderate decline in September due to the increased cost of the BFB and a decrease in unskilled wages.

Posted By Hean Pheap

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