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Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #3, 14 April 2023
Monthly report on food price trends
2023Also available in:
No results found.International prices of all major cereals declined in March. World wheat prices fell significantly, reflecting ample supplies, strong export competition and the extension of the Black Sea Grain Initiative (BSGI). A mix of factors, including ongoing harvests in South America, expected record output in Brazil and currency depreciation in Argentina, led to a decline in maize prices. International rice prices also eased in March, weighed by ongoing or imminent harvests in major Asian exporters. FAO’s analysis of the latest available data shows domestic staple food prices, despite some declines, continue to be very high in many countries in March 2023. Seasonal harvest pressures in parts of East Asia and ample availability of wheat from major exporters in the CIS (Asia and Europe) supported month‑on‑month declines in some staple food prices. Conflict and civil insecurity remained an underlying driver of food price increases in Haiti, and parts of East and West Africa, while weather related shocks were key contributing factors in parts of East and Southern Africa. In many countries, currency weaknesses and high transport costs continue to support elevated prices of both domestically produced and imported food commodities. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #3, 14 April 2025
Monthly report on food price trends
2025Also available in:
No results found.International prices of maize, wheat and rice dropped in March 2025. Rising trade tensions weighed on market sentiment for maize and wheat. Declines in world prices of grains were further driven by the arrival of the seasonal Southern Hemisphere supplies, weaker global import demand and diminished concerns over crop production concerns in some major exporters. International rice prices also declined, reflecting weak import demand and ample exportable supplies. FAO’s analysis of the latest available domestic staple food price data indicates that prolonged conflicts and macroeconomic challenges have sustained grain prices at elevated year-on-year levels in parts of East Africa and West Africa. In Southern Africa, white maize prices continued to increase in line with the trend that prevailed throughout most of 2024 and the first quarter of 2025. Meanwhile, in the Near East and North Africa region, prices of staple foods such as wheat flour, bread and rice have shown significant volatility over the past year, primarily due to conflicts and climate‑related events. In Central America, white maize prices in March 2025 were lower compared to last year. In South America, wheat and yellow maize prices were generally higher year-on‑year, driven by local strong demand and currency depreciation in some net‑importing countries. In the Eastern Europe, Caucasus and Central Asia region, domestic wheat flour prices remained largely stable and close to year-earlier levels across most net‑wheat importing countries. In Far East Asia and South America, rice prices were generally lower year-on-year, supported by adequate import volumes and increased local supplies from ongoing harvests. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #3, 13 April 2021
Monthly Report on Food Price Trends
2021Also available in:
No results found.International prices of wheat, maize, barley and rice declined in March, following sustained increases for several months, mostly reflecting generally good export availabilities as well as favourable production prospects for this year. In East Africa, prices of coarse grains generally followed mixed trends in March. In several countries, prices were around or below their year-earlier levels, except in the Sudan and South Sudan, where they were at near-record to record levels, underpinned by insufficient supplies and severe macro‑economic difficulties, including local currency weakness fostering food inflation. In Southern Africa, prices of maize began to fall in several countries in March, slightly earlier than the historical seasonal trends, amid the generally excellent cereal production expectations in 2021 and, in anticipation of the new harvests, the release of old stocks that shored up market availabilities.
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