Port Vila Central Market Survey - June 2024
The Port Vila Central Market Survey summarises selected agricultural produces sold at the main wet market based on the Supply and Price of commodities. Data is collected on a fortnightly basis, analysed and published as quarterly average and by commodity groups.
Summary of Findings
The Port Vila Market Survey of June quarter of 2024 showed an overall Volume increase of 44 percent on the
supply of commodities while the overall price also increased by 12 percent compared to the previous quarter.
- Increase in the volume of Staple produce, Fruits and Vegetables produce supplied to the marketcontributed to the increase in the overall volume index compared to the previous quarter.
- The value of commodities increased by 32 percent at just over VT752,000.
- An average of 150 sellers was recorded for the quarter under review.
Overview
The Port Vila Market Survey in June quarter of 2024 showed an overall volume increase of 44 percent compared to the previous quarter. Staple produce, Fruitsand Vegetables produce contributed to the increase in the overall volume. (Refer to table 1 & 4).
The overall price increased by 12 percent compared to the previous quarter. Fruits and vegetables produce contributed to the increase in the overall price by 16 percent and 83 percent respectively. (Refer to table 2 & 5).
Staple Food Produce
The supply of Staple food produce increased by 58 percent when compared to the previous quarter, while the average price decreased by -22 percent in the same quarter under review.
Commodities that contributed to the increase in volume were Dried Coconut at 574Kg, Manioc at 251Kg, Island Taro at 127Kg, Sweet Kumala at 140Kg, Yam at 100Kg and Green Banana at 66Kg. When compared to the same quarter of the previous year, the volume of Staple food decreased by -23 percent, while it’s weighted average price increased by 28 percent. (Refer to table 1 & 2).
Fruit Produce
An overview of Fruits supplied to Port Vila Central Market in the quarter under review showed an overall volume increase of 42 percent compared to the previous quarter while its weighted average price increased by 16 percent. Fruits that contributed to the increase in volume were Watermelon at 165Kg, Ripe Banana at 156Kg and green coconut at 10Kg.
When compared to the same quarter of the previous year, the quantity supplied of fruits to the Central Market increased by 188Kg and the average price per kilograms increased by 86 percent. (Refer to table 1 & 2).
Vegetable Produce
The supply of Vegetables to the Port Vila Central Market in June quarter of 2024 recorded an overall increase of 16 percent and the average price per kilograms increased by 83 percent compared to the previous quarter. Vegetables produces that contribute to the increase in the overall vegetables supplies includes, Chinese cabbage at 138Kg, Cucumber at 122Kg, Lettuce at 9Kg and Carrot at 4Kg. There was no White bowl cabbage and purple bowl cabbage sold at the Port Vila central market in the quarter under review.
When compared to the same quarter of the previous year, the supply of vegetables supplied to the market decreased by -64 percent and its average weighted price also decreased by -15 percent. (Refer to table 1 & 2).
Sellers per Commodity Groups
June quarter of 2024 recorded a total average of 150 sellers1 at the Port Vila Central Market which is a decrease of 57 vendors when compared to the previous quarter and a decrease of 8 vendors when compared to the same quarter of the previous year.
When compared to the previous quarter, Staple produce vendors increased by 29 vendors, Fruits produce vendors increased by 20 vendors and Vegetable produce vendors increased by 8 vendors.
When compared to June quarter of 2023, Fruits produce vendors increased by 50 vendors while Staple and Vegetable produce vendors decreased by 15 and 43 vendors respectively. (Refer to table 6).
Value of Supplies
The average value of commodities at the Port Vila Central Market in the quarter under review recorded a value of VT752,000. This is an overall increase of 32 percent compared to the previous quarter and a decrease of –27 percent in the same quarter of the previous year. (Refer to table 3)
Tables Download
Table 1 - Quantity Supplied (in kilograms)
Table 2 - Weighted Average Price Per Kilograms (in Vatu)
Table 3 - Value of Supplies (in Vatu thousands)
Table 4 - Volume Index (2016 = 100)
Table 5 - Price Index (2016 = 100)
Table 6 - Number of Sellers
Download all Tables
Concepts and Definitions
The Port Vila Market Survey was instigated to measure the price and volume of specific agricultural produces in the main market. The survey is conducted on a fortnightly basis.
The data analysed in this report shows quarterly average supply and prices of the commodities under study. Weights are based on 2016 using HIES 2010 and Agriculture Census 2007 and were used henceforth.
