Yemen Market and Trade Bulletin September 2025 - Issued on 28th October 2025

SHORT-TERM OUTLOOK AND IMPLICATION ON FOOD SECURITY: Yemen’s food security outlook remains dire across all areas, with significant challenges projected to persist through February 2026. In GoY-controlled areas, recent central bank policies temporarily boosted the Yemeni riyal’s value and lowered food prices; however, these gains are unlikely to be sustainable, with risks of currency depreciation and price inflation re-emerging unless comprehensive economic reforms address trade deficits, foreign exchange reserves, and dollar shortages. Coupled with regional instability, high food prices, and depleted household incomes, these factors will further hinder households’ ability to afford basic food items. Meanwhile, in Sana’a-based Authority (SBA) areas, household purchasing power will stay strained due to ongoing wage collapse and poor agricultural prospects for the 2025 season. Food security risks will intensify as communities face floods, dry spell in some areas, escalating conflict, suspension of humanitarian aid, and reduced imports. The latest IPC analysis estimates that over 18 million people—about half of Yemen’s population—will remain in severe food insecurity through February 2026. Although food is generally available, households are struggling to access it due to limited purchasing power amid amounting risks and challenges. It is vital to closely monitor key food security drivers such as food prices, changes in Government regulations, port and import operations, floods/ dry spells, conflict, and the regional crisis, including potential ripple effects from the escalation in the Middle East.

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