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Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #8, 11 October 2024
Monthly report on food price trends
2024Also available in:
No results found.Global wheat prices increased in September 2024, driven by concerns over unfavourable weather conditions in a number of key exporting countries. International maize prices also increased as low river levels in Brazil and the United States of America caused logistical disruptions. By contrast, export quotations of Indica rice declined, amid generally quiet trading activity. FAO’s analysis of the latest available domestic price data reveals some year-on-year price softening for food staples in August and September 2024 in parts of Central America, East Africa and Far East Asia. However, the persistence of multiple concurrent shocks, including adverse weather conditions, conflicts and macroeconomic difficulties, continue to keep prices of key staples higher than last year’s levels in most Southern and West African countries, as well as in Argentina, Haiti, Myanmar, the Sudan and South Sudan. -
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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