Northwestern Syria market surveillance train, snapshot: February 1-8, 2021 – Syrian Arab Republic

INTRODUCTION

To tell humanitarian money programming, REACH, in partnership with the Money Working Group (CWG), conducts month-to-month market surveillance workouts in northern Syria to evaluate the supply and costs of 36 commodities usually bought on markets and consumed by common Syrian households, together with meals and non-food objects, water, gasoline and cellular phone information.

Of those, 18 objects embody the Minimal Survival Expenditure Basket (SMEB; see beneath), which represents the culturally adjusted minimal objects wanted to assist a 6-person family for a month.

Information assortment came about February 1-8, 2021 and was led by Care Shafak, GOAL, Individuals In Want, Syrian Affiliation for Reduction and Improvement (SARD), Solidarités Worldwide, Violet, NRC and REACH.

The accompanying information is launched month-to-month and is distributed by means of companions throughout the humanitarian group. See REACH Useful resource Middle for February 2021 information.

KEY DEVELOPMENTS

Protection and information assortment dates

In February 2021, REACH and its companions coated 26 sub-districts and a couple of,230 particular person shops in Northwestern Syria (NWS) for the market surveillance train. In gentle of the fluctuation within the worth of the Syrian Pound (SYP) and the ensuing market disruption, the costs of the information set and the market surveillance output must be thought of as consultant of the markets solely. and the dates when and when the data was collected (1-8 February). Northwest’s highest SMEB SYP price on report USD SMEB price barely elevated In February, the worth of the regional Minimal Survival Expenditure Basket (SMEB) reached SYP 348,347, a rise of 6% from to January and a 55% long-term improve since August 2020, setting a brand new report for the best value on report in the course of the market watch train within the NWS. The US greenback (USD) SMEB fell from USD 113 in January to USD 116 in February alongside a depreciation of the SYP in opposition to the USD (see subsequent paragraph).

SYP depreciates in opposition to the USD

In February, the casual regional median USD / SYP alternate charge elevated 5% from January and reached a regional median of three,000 USD / SYP. The six-month change, a 39% improve since August 2020, highlights that the SYP stays an unstable forex in opposition to the USD. The very best alternate charge was registered at 3,160 SYP to 1 USD locally of Batbu in Aleppo Governorate.

Gasoline costs have gone up once more

Regionally, total transport gasoline costs elevated 9% between January and February, with a median value of SYP 1,859 per liter. Cheaper and manually refined fuels, together with gasoline and kerosene, have remained largely unavailable within the NWS because of the inaccessibility of uncooked materials inputs and low ranges of imported refined fuels within the northeast. of Syria (NES). The low import ranges are additionally because of the depreciation of the SYP and the rise in world gasoline costs. For instance, 77% of gasoline sellers surveyed stated that manually refined gasoline was not accessible of their market on the time of knowledge assortment. Because of the vital unavailability of decrease high quality however cheaper fuels, the costs of top quality diesel and gasoline (primarily European fuels imported through Turkey) continued to extend in February, because of the instances of elevated demand and fluctuations within the SYP’s and Turkey’s alternate charges. TRY in opposition to the USD.

Continued improve in meals costs

The price of the regional SMEB meals element reached SYP 244,765 in February, an 8% improve since January and a 59% improve since August 2020. The SMEB contemporary meals / vegetable element has elevated by 18% since January . The value of cucumbers rose 27%, potatoes rose 18%, inexperienced peas rose 7% and tomatoes remained on the similar value as in January, contributing to a 234% value improve. of the contemporary vegetable element since August 2020. In accordance with REACH Subject Groups, this pattern is principally the results of the lower within the availability of regionally grown sizzling climate merchandise and the elevated dependence on costlier imported merchandise, in addition to larger transportation gasoline costs and the additional depreciation of the SYP.

Bulk meals costs have additionally elevated 10% total since January, once more because of the larger price of imported objects, rising gasoline costs and risky alternate charges in opposition to the greenback. American. REACH area groups additionally reported that this pattern may very well be because of the lack of bulk / dried meals distributions by organizations, along with the rise in demand and consumption because of the lack of different meals merchandise. in the course of the winter season. The value of bread (bag of 8 items) has additionally elevated by 5% since December, reaching a regional median of SYP 800. The rise in bread costs is principally attributable to an identical rise within the value of flour (6% improve since January), a product in scarcity within the area and whose import costs depend upon alternate charge fluctuations. , in response to REACH area groups. . As well as, excessive costs have been additionally recorded for different SMEB meals merchandise equivalent to hen, the value of which has fallen 3% since January however elevated 41% since August 2020, attributable to a mixture of things together with the depreciation of SYP and the restricted availability of regionally raised hen. For related causes, the value of eggs has elevated 9% since January and 91% since August 2020.

Rising price of cooking oils and cooking fuels

Along with the rising price of the meals objects themselves, the value of further objects wanted for getting ready and cooking uncooked meals has additionally elevated. Median regional costs for vegetable oil and ghee, each generally used for cooking, rose 12% and 11% respectively between January and February, persevering with a major upward pattern. Each merchandise are largely imported into the NWS and subsequently topic to alternate charge fluctuations. The price of cooking fuels additionally elevated throughout this one-month interval by 8%, with the median value of manually refined kerosene rising by 2% and liquefied petroleum fuel (LPG) by 7%. As famous above, manually refined kerosene is commonly unavailable in lots of NWS markets (reported as unavailable by 57% of gasoline sellers surveyed in February), main customers within the NWS to rely extra on it. use of LPG for cooking functions.


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