×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Friday
30
Jan 2026
weather symbol
Athens 13°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> Economy

Shortage of Ukraine wheat set to push Somalia inflation past 10%

The country’s “unsustainable” trade deficit is likely to widen further as importers struggle to find alternative markets to import basic goods

Newsroom May 4 12:43

Somalia’s inflation is expected to surge past 10% unless the country gets good rains over the next two months to help ease pressure on food prices after losing wheat supplies from Ukraine, according to a top official at its central bank.

Inflation picked up significantly “due to continued lower food production, but this time wheat, which is mostly sourced from Ukraine and flour which is sourced from Turkey have become scarce, pushing prices even higher,” Abdilahi Ali, executive director for Monetary, Financial and Regulatory Policy, said in an emailed response to questions.

The Horn of Africa nation is experiencing its worst drought in four decades, with an estimated 7.7 million people in need of food aid. An Islamist insurgency that’s disrupted production and the war in Ukraine has exacerbated shortages — the country relies on Russia and Ukraine for more than 90% of its wheat imports.

The cost of wheat and flour has climbed, while that for gas used for cooking has doubled in recent months, Ali said. Inflation was at 6.1% in March, national statistics agency data show. The last time it was higher than 10% was in 2006.

See Also:

Amazon invests in robots to work alongside humans

Also, the country’s “unsustainable” trade deficit is likely to widen further as importers struggle to find alternative markets to import basic goods such as wheat, he said.

>Related articles

In February in Washington, the crucial ministerial meeting on the Vertical Energy Corridor: What Joshua Volz said in Athens

Aluminium Dunkerque: Six foreign “bidders” for Europe’s largest aluminum smelter – Metlen in the spotlight

Papastavrou: Greece is becoming a critical hub for transatlantic energy security

The crisis has opened the door for militant group al-Shabaab to bolster its numbers and comes as lawmakers are due to elect a new president in a vote already delayed a year.

“We are hoping for an above-average rainy season which is expected from now until the end of June so that, at least by the end of the year, domestic food production can act as a substitute or at least complement lower-than-expected food imports,” Ali said. “If these two do not happen, then double-digit inflation is likely, which is something not seen in Somalia for a long time.”

Source: Bloomberg

Ask me anything

Explore related questions

#economy#food#inflation#Somalia#war#wheat#wheat shortages#world
> More Economy

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

The Best Greek Islands for Foodies

January 29, 2026

Turkish NAVTEX are illegal, impulsive actions, says Athens: “We will continue to exercise our sovereign rights”

January 29, 2026

MRB: PASOK falls to 3rd place, Plefsi Freedom overtakes it again, ND’s lead at 16 points – Where Tsipras and Karystianou draw support from

January 29, 2026

After “Kimonas” come the “Blue Whales”: the unmanned Israeli submarines change the balance of power in the Aegean

January 29, 2026

The moving “farewell” to the seven PAOK supporters at Toumba, with chants and flares (videos-photos)

January 29, 2026

Celia Kritharioti: Her new collection was presented at Paris Fashion Week with an “Old Hollywood” feel

January 29, 2026

Mitsotakis meets with the French Minister of Defence: Renewal of the Strategic Partnership on the table

January 29, 2026

Violanda factory tragedy: Who was responsible for inspections, permits, labour, and arbitrariness

January 29, 2026
All News

> Politics

Turkish NAVTEX are illegal, impulsive actions, says Athens: “We will continue to exercise our sovereign rights”

According to International Law, government officials stress, a NAVTEX that covers an enormous area for an extended period and is not linked to a specific event is inconceivable

January 29, 2026

MRB: PASOK falls to 3rd place, Plefsi Freedom overtakes it again, ND’s lead at 16 points – Where Tsipras and Karystianou draw support from

January 29, 2026

Mitsotakis meets with the French Minister of Defence: Renewal of the Strategic Partnership on the table

January 29, 2026

Marinakis: ‘It is a vulgar lie that Greece holds a record in workplace accidents’ – See video

January 29, 2026

One minute of silence in Parliament for the deceased workers in Trikala and PAOK supporters

January 29, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα