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NewsletterSuivi du marché dur riz - Avril 2008 2008Short term supply and demand imbalances, along with a weak US dollar, low world rice reserves, rising production costs and higher prices of competing agricultural and substitute food commodities help explain the recent tendency for international rice prices to move up, but they do not fully justify the extent and the suddenness of the surge. In recent months, rice export prices staged a remarkable increase, reaching unprecedented high levels in nominal terms, although in real terms , they still fell well short of the levels witnessed in the mid-1970s. For illustration, prices of Thai white rice 100%B almost trebled between April 2007 and April 2008, with much of the gain accruing since November last year. The price surges have not only concerned rice, but also other basic foodstuffs, kerosene, and other essentials, affecting numerous countries and stirring considerable concern among governments. Many importing countries have responded by implementing domestic price stabilization actions, such as reduction or removal of import tariffs and duties and tightened retail price controls, while a large number of exporting countries have imposed restrictions on exports.
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NewsletterRice Market Monitor - April 2008 2008Short term supply and demand imbalances, along with a weak US dollar, low world rice reserves, rising production costs and higher prices of competing agricultural and substitute food commodities help explain the recent tendency for international rice prices to move up, but they do not fully justify the extent and the suddenness of the surge. In recent months, rice export prices staged a remarkable increase, reaching unprecedented high levels in nominal terms, although in real terms , they still fell well short of the levels witnessed in the mid-1970s. For illustration, prices of Thai white rice 100%B almost trebled between April 2007 and April 2008, with much of the gain accruing since November last year. The price surges have not only concerned rice, but also other basic foodstuffs, kerosene, and other essentials, affecting numerous countries and stirring considerable concern among governments. Many importing countries have responded by implementing domestic price stabilization actions, such as reduction or removal of import tariffs and duties and tightened retail price controls, while a large number of exporting countries have imposed restrictions on exports.
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Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #4, 11 May 2021
Monthly Report on Food Price Trends
2021Also available in:
No results found.International cereal prices followed mixed trends in April. Prices of maize increased mostly on tightening supplies, but those of wheat remained steady due to generally adequate export availabilities. By contrast, international prices of barley and sorghum fell slightly, while those of rice declined further on currency movements and slow trading activities. In East Africa, prices of coarse grains in the Sudan and South Sudan remained at near-record to record levels, underpinned by insufficient supplies and severe macro-economic difficulties, including local currency weakness sustaining food inflation. Prices of cereals were at high levels also in Ethiopia, mainly due to the continuous depreciation of the country’s currency, which increased transportation and production costs. In West Africa, supply chain bottlenecks and difficult macro‑economic conditions amplified the seasonal increases in the prices of coarse grains in Nigeria and sustained them well above their year-earlier levels, particularly in the northeast region where persistent conflict exacerbated the economic challenges. The year-on-year food inflation reached a nearly 16-year high of 23 percent in March 2021. -
NewsletterSuivi du marché dur riz - Avril 2008 2008Short term supply and demand imbalances, along with a weak US dollar, low world rice reserves, rising production costs and higher prices of competing agricultural and substitute food commodities help explain the recent tendency for international rice prices to move up, but they do not fully justify the extent and the suddenness of the surge. In recent months, rice export prices staged a remarkable increase, reaching unprecedented high levels in nominal terms, although in real terms , they still fell well short of the levels witnessed in the mid-1970s. For illustration, prices of Thai white rice 100%B almost trebled between April 2007 and April 2008, with much of the gain accruing since November last year. The price surges have not only concerned rice, but also other basic foodstuffs, kerosene, and other essentials, affecting numerous countries and stirring considerable concern among governments. Many importing countries have responded by implementing domestic price stabilization actions, such as reduction or removal of import tariffs and duties and tightened retail price controls, while a large number of exporting countries have imposed restrictions on exports.
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NewsletterRice Market Monitor - April 2008 2008Short term supply and demand imbalances, along with a weak US dollar, low world rice reserves, rising production costs and higher prices of competing agricultural and substitute food commodities help explain the recent tendency for international rice prices to move up, but they do not fully justify the extent and the suddenness of the surge. In recent months, rice export prices staged a remarkable increase, reaching unprecedented high levels in nominal terms, although in real terms , they still fell well short of the levels witnessed in the mid-1970s. For illustration, prices of Thai white rice 100%B almost trebled between April 2007 and April 2008, with much of the gain accruing since November last year. The price surges have not only concerned rice, but also other basic foodstuffs, kerosene, and other essentials, affecting numerous countries and stirring considerable concern among governments. Many importing countries have responded by implementing domestic price stabilization actions, such as reduction or removal of import tariffs and duties and tightened retail price controls, while a large number of exporting countries have imposed restrictions on exports.
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Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #4, 11 May 2021
Monthly Report on Food Price Trends
2021Also available in:
No results found.International cereal prices followed mixed trends in April. Prices of maize increased mostly on tightening supplies, but those of wheat remained steady due to generally adequate export availabilities. By contrast, international prices of barley and sorghum fell slightly, while those of rice declined further on currency movements and slow trading activities. In East Africa, prices of coarse grains in the Sudan and South Sudan remained at near-record to record levels, underpinned by insufficient supplies and severe macro-economic difficulties, including local currency weakness sustaining food inflation. Prices of cereals were at high levels also in Ethiopia, mainly due to the continuous depreciation of the country’s currency, which increased transportation and production costs. In West Africa, supply chain bottlenecks and difficult macro‑economic conditions amplified the seasonal increases in the prices of coarse grains in Nigeria and sustained them well above their year-earlier levels, particularly in the northeast region where persistent conflict exacerbated the economic challenges. The year-on-year food inflation reached a nearly 16-year high of 23 percent in March 2021. -
NewsletterSuivi du marché dur riz - Avril 2008 2008Short term supply and demand imbalances, along with a weak US dollar, low world rice reserves, rising production costs and higher prices of competing agricultural and substitute food commodities help explain the recent tendency for international rice prices to move up, but they do not fully justify the extent and the suddenness of the surge. In recent months, rice export prices staged a remarkable increase, reaching unprecedented high levels in nominal terms, although in real terms , they still fell well short of the levels witnessed in the mid-1970s. For illustration, prices of Thai white rice 100%B almost trebled between April 2007 and April 2008, with much of the gain accruing since November last year. The price surges have not only concerned rice, but also other basic foodstuffs, kerosene, and other essentials, affecting numerous countries and stirring considerable concern among governments. Many importing countries have responded by implementing domestic price stabilization actions, such as reduction or removal of import tariffs and duties and tightened retail price controls, while a large number of exporting countries have imposed restrictions on exports.
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NewsletterRice Market Monitor - April 2008 2008Short term supply and demand imbalances, along with a weak US dollar, low world rice reserves, rising production costs and higher prices of competing agricultural and substitute food commodities help explain the recent tendency for international rice prices to move up, but they do not fully justify the extent and the suddenness of the surge. In recent months, rice export prices staged a remarkable increase, reaching unprecedented high levels in nominal terms, although in real terms , they still fell well short of the levels witnessed in the mid-1970s. For illustration, prices of Thai white rice 100%B almost trebled between April 2007 and April 2008, with much of the gain accruing since November last year. The price surges have not only concerned rice, but also other basic foodstuffs, kerosene, and other essentials, affecting numerous countries and stirring considerable concern among governments. Many importing countries have responded by implementing domestic price stabilization actions, such as reduction or removal of import tariffs and duties and tightened retail price controls, while a large number of exporting countries have imposed restrictions on exports.
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Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #4, 11 May 2021
Monthly Report on Food Price Trends
2021Also available in:
No results found.International cereal prices followed mixed trends in April. Prices of maize increased mostly on tightening supplies, but those of wheat remained steady due to generally adequate export availabilities. By contrast, international prices of barley and sorghum fell slightly, while those of rice declined further on currency movements and slow trading activities. In East Africa, prices of coarse grains in the Sudan and South Sudan remained at near-record to record levels, underpinned by insufficient supplies and severe macro-economic difficulties, including local currency weakness sustaining food inflation. Prices of cereals were at high levels also in Ethiopia, mainly due to the continuous depreciation of the country’s currency, which increased transportation and production costs. In West Africa, supply chain bottlenecks and difficult macro‑economic conditions amplified the seasonal increases in the prices of coarse grains in Nigeria and sustained them well above their year-earlier levels, particularly in the northeast region where persistent conflict exacerbated the economic challenges. The year-on-year food inflation reached a nearly 16-year high of 23 percent in March 2021.
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