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Journal, magazine, bulletinBulletinFood Price Monitoring and Analysis (FPMA) Bulletin #5, 14 June 2023
Monthly report on food price trends
2023Also available in:
No results found.International prices of wheat and maize continued to decline in May, while rice prices increased further. The downward trend in wheat prices was mostly due to ample global supplies and subdued import demand, while an expected record crop in Brazil and higher production in the United States of America were largely behind the decline in maize prices. The extension of the Black Sea Grain Initiative also contributed to softening world prices. By contrast, international rice quotations continued their upward trend in May, as previous deals with Asian buyers were executed and supplies tightened in some exporters, such as Viet Nam and Pakistan. In most countries monitored by FAO, domestic staple food prices in May 2023 remained above their year‑earlier levels. Conflict and insecurity, adverse weather, high prices of agricultural inputs, elevated distribution costs as well as currency weaknesses continue to be the major drivers. Coarse grain prices remained considerably high in East and West Africa, while harvests eased the pressure on maize prices in Southern Africa and South America. In Eastern Europe, Caucasus and Central Asia countries and East Asia, ample stocks and supplies from ongoing harvests contributed to the softening of wheat and wheat flour prices. Meanwhile, in East Asia, domestic rice prices increased in major exporting countries despite harvest pressures weighing on prices in other countries of the subregion. -
Journal, magazine, bulletinBulletinFood Price Monitoring and Analysis (FPMA) Bulletin #1, 13 February 2024
Monthly report on food price trends
2024Also available in:
No results found.International wheat and coarse grain prices declined in January 2024 as large seasonal supplies exerted downward pressure on prices. By contrast, the FAO All Rice Price Index increased by 1.2 percent in January, largely reflecting increases in Indica quotations. FAO’s analysis of domestic staple food prices shows that high price levels persisted in December 2023 and January 2024. In most countries, domestic staple food prices remained elevated due to multiple factors, including conflicts, insecurity and extreme weather events, which constrained food availability and access. Currency weakness remains a compounding factor tightening supply, especially in net food importing countries, through reduced imports due to financial constraints and increasing debt burdens. -
Journal, magazine, bulletinBulletinFood Price Monitoring and Analysis (FPMA) Bulletin #2, 13 March 2024
Monthly report on food price trends
2024Also available in:
No results found.International prices of all major cereals declined in February 2024. Ample supplies and strong competition among exporters underpinned a decline in wheat and maize prices. International rice prices also dropped as, aside from Indonesian purchases, fresh import demand remained broadly low and new crop harvests began in some exporting countries.In most countries monitored by FAO, domestic staple food prices remained high in February 2024. Extreme weather events, conflicts and insecurity have remained key underlying drivers of high prices. Weak national currencies are limiting pass‑through effects to domestic markets from the declines in international cereal prices. Shipping disruptions in the Panama Canal and the Red Sea could create additional inflationary pressures on domestic food markets in the short term through higher food import costs.
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Book (series)BulletinCrop Prospects and Food Situation #1, March 2022
Quarterly Global Report
2022FAO assesses that globally 44 countries, including 33 in Africa, nine in Asia and two in Latin America and the Caribbean, are in need of external assistance for food. Conditions are projected to worsen significantly in West Africa, due to conflicts, high food prices and reduced harvests, while the situation is alarming in East Africa. Humanitarian needs are foreseen to also increase in Southern Africa in late 2022 due to the impact of adverse weather. -
BookletHigh-profileFAO Strategy on Climate Change 2022–2031 2022The FAO Strategy on Climate Change 2022–2031 was endorsed by FAO Council in June 2022. This new strategy replaces the previous strategy from 2017 to better FAO's climate action with the Strategic Framework 2022-2031, and other FAO strategies that have been developed since then. The Strategy was elaborated following an inclusive process of consultation with FAO Members, FAO staff from headquarters and decentralized offices, as well as external partners. It articulates FAO's vision for agrifood systems by 2050, around three main pillars of action: at global and regional level, at country level, and at local level. The Strategy also encourages key guiding principles for action, such as science and innovation, inclusiveness, partnerships, and access to finance.
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Journal, magazine, bulletinBulletinFood Price Monitoring and Analysis (FPMA) Bulletin #10, 11 December 2024
Monthly report on food price trends
2024Also available in:
No results found.Global wheat prices declined in November 2024, due to increased supplies from the ongoing harvests in the Southern Hemisphere and improved crop production prospects in parts of the Northern Hemisphere. By contrast, maize export prices exhibited mixed trends, influenced by opposing market factors. International rice prices declined, driven by heightened market competition, harvest pressure and currency depreciations against the United State dollar. FAO’s analysis of the latest available domestic food price data revealed overall elevated year-on-year levels in October and November 2024, despite some month‑on‑month price declines in countries where harvests are ongoing or were recently completed. The primary drivers of the high food prices continue to be adverse weather conditions, conflicts, insecurity and macroeconomic challenges, including currency weakness.