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- (-) March 2022
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Edible oil prices have been trending higher and are now increasingly volatile due to poor market transparency and the Russian invasion of Ukraine. Post forecasts MY 2022/2023 soybean imports up to 2.8 million MT, while local soybean production remains flat.
Ethiopia’s inflation rate remains persistently high, reaching 33.6 percent in February 2022. The headline inflation in February 2022 is lower than the 34.5 percent recorded in January 2022.