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Can Sudan Lower Prices
The Sudanese government has lifted the import ban on 44 goods, following an earlier decision covering 46 items. It has also exempted flour, lentils, rice, Egyptian fava beans and cooking oils from fees and taxes, amid expectations of increased supply and lower prices. The impact of the decision, however, remains tied to the stability of the Sudanese pound. In October, the dollar’s exchange rate exceeded 10,000 pounds on the parallel market. Fuel and transport costs, as well as the regularity of supply, are also factors. Some prices have fallen: a 25-kilogram sack of flour dropped from 220,000 to 170,000 pounds, while sugar fell from 450,000 to 400,000. Traders and an economist say lifting the ban alone will not guarantee price stability as currency pressures and import and transport costs persist.
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