In Samoa, a significant reduction in the supply of taro and other local vegetables has resulted in a sharp increase in prices, affecting both consumers and businesses. According to a report by the Samoa Bureau of Statistics (S.B.S.), there was a 31% decrease in the local taro supply in November compared to the previous month. This shortage has pushed the price up by 7%, making taro now cost $5.41 per kilogram.
When compared to November of the previous year, the supply decline is even more pronounced - a massive 50% decrease. This supply shortage has led to a significant 53% increase in the average price of taro. The 12-month period leading up to November 2023 saw a continuous 12% decrease in taro supply, resulting in a 26% increase in the average price compared to the same period in the previous year.
The survey also highlighted a 22% decrease in the overall volume of agricultural food supplies at local markets from October 2023. Most agricultural produce, except for banana, breadfruit, and yam, experienced substantial declines. This limited supply has led to an 11% increase in the overall price level from the previous month, marking a 32% increase compared to November 2022.
In November 2023, the supply of Taaamu, or giant taro, dropped by 79% compared to the previous month, causing prices to more than double. Other agricultural products like coconut, cucumber, Chinese cabbage, and pumpkin also saw reductions in supply, leading to subsequent price increases. Despite a boost in the supply of some produce like banana, breadfruit, yam, and coconut over the year, the general trend indicates a reduction in supply and an increase in prices.
Source: bnnbreaking.com
