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Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #9, 13 November 2024
Monthly report on food price trends
2024Also available in:
No results found.Global wheat and maize prices continued to increase in October 2024, influenced by unfavourable weather concerns in some main producing areas, transport disruptions and strong demand. By contrast, international rice prices declined, amid expectations of increased competition among exporters. FAO’s analysis of the latest available domestic food price data showed prices were below year-earlier levels, in September and October 2024, in parts of Central America and Far East Asia, owing to increased seasonal availability from harvests. Staple food prices remained high year-on-year in parts of East Africa, Southern Africa and South America due to tight domestic supplies, macroeconomic challenges and sustained demand. In West Africa, coarse grain prices hit new record highs in several markets as recent widespread flooding impeded the functioning of markets, further exacerbating existing food access challenges. -
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.
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