Ver Angola

Trade

Prices of basic basket goods down by around 39 percent this week

The prices of the main goods of the basic basket are expected to fall 39.7 percent this week (11 to 17 July), compared to November 2021, according to forecasts by the Strategic Food Reserve (REA).

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Wheat flour occupies the list of products that are expected to see a greater price drop. According to REA data, the 25-kilogram package of this product will be sold at 8,250 kwanzas, against the previous 23,033 kwanzas, corresponding to a decrease of 64.2 percent.

Cornmeal also stands out, with a decrease of 56.7 percent. A package of 25 kilograms should drop from 13,800 kwanzas to 6,000 kwanzas.

Already 25 kilograms of Thai rice will go from 11,737 kwanzas to 7000 kwanzas while the same amount of myanmar rice will drop from 10 thousand kwanzas to 6600 kwanzas.

Forecasts also point to sugar (50-kilogram packaging) rising to 18,950 kwanzas, against the previous 24,200 kwanzas.

In addition, there will also be drops in the prices of soybean oil (12 liters), which will drop from 17,450 kwazas to 11,100 kwanzas, as well as pinto beans (25-kilogram packages), which will be sold at 16,000 kwanzas against previous 24 thousand kwanzas.

The data also reveal that 10 kilograms of chicken thigh will drop from 10,190 kwanzas to 7,100 kwanzas.

According to the REA, these prices are valid throughout the country and reflect a general decrease of 39.7 percent compared to November last year.

In the international market, according to data from the REA, the behavior of the prices of basic food products recorded an increase of 17.32 percent compared to the previous week. However, compared to November 2021, there is a decrease of 0.5 percent.

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