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Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #7, 12 September 2024
Monthly report on food price trends
2024Also available in:
No results found.Global wheat prices decreased in August 2024, mostly reflecting weak international demand and larger production estimates in some major exporters. Regarding maize, concerns about crop conditions and prospects of tighter export supply contributed to slightly firmer international prices. International rice prices increased, although mixed price trends across origins and varieties kept the August increase modest. In several FAO-monitored countries, domestic staple food prices remained at high levels in July and August 2024. In South Sudan and the Sudan, food access continued to be highly constrained as prices of coarse grains reached new record highs in an environment of protracted conflict, tight domestic supply and persistent macroeconomic difficulties. In Southern Africa, food prices remained under upward pressure, amid supply shortages following the drought-reduced 2024 cereal harvests and weak currencies. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #6, 12 July 2024
Monthly report on food price trends
2024Also available in:
No results found.International prices of all major cereals eased in June 2024. The decline in global wheat export prices mostly reflected downward pressure from seasonal supplies in the Northern Hemisphere while the fall in maize export prices was underpinned by seasonal increases in the supplies from Southern Hemisphere countries, along with favourable production prospects in the United States of America. International rice prices posted a modest decline in June, largely reflecting generally quiet trading activities. In several countries monitored by FAO, domestic staple food prices persisted at high levels in May and June 2024. Ongoing conflicts and high levels of insecurity disrupted trading activities and supported high prices of cereals in Haiti, Myanmar, South Sudan, the Sudan and some Sahelian countries. In Southern Africa, prices of maize, the main food staple, also remained at elevated levels in countries where widespread and intense drought resulted in well below-average harvests in 2024. Weak national currencies and high transport costs sustained inflationary pressure on domestic food markets and food import costs in several countries. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #5, 11 June 2024
Monthly report on food price trends
2024Also available in:
No results found.International prices of all major cereals increased in May 2024. Significant increases were registered for wheat export prices, reflecting concerns about the impacts of unfavourable crop conditions in major producing countries, while maize export prices rose due to various factors. The FAO All Rice Price Index also increased in May, driven by higher Indica quotations. In many countries monitored by FAO, domestic staple food prices remained at high levels in April and May 2024, underpinned by adverse weather events, conflict-related disruptions to supply chains and macroeconomic difficulties contributing to high food distribution costs. The lingering effect of prolonged conflict and insecurity remained a major driver of the high food prices in Haiti, Myanmar, South Sudan, the Sudan and Sahelian countries. In Southern Africa and Argentina, the anticipated year-on-year decline in the maize output sustained upward pressure on prices, amidst ongoing harvests. In South America and Far East Asia, rice prices were generally higher year-on-year in the major producing countries despite seasonal harvest downward pressure.
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