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Food Price Monitoring and Analysis (FPMA) Bulletin #10, 11 December 2024

Monthly report on food price trends













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    International prices of wheat and maize fell in November, both influenced by the extension of the Black Sea Grain Initiative. Greater export competition and low demand for supplies from the United States of America contributed to the fall in wheat prices, while in the same country, improved logistics and higher seasonal availability also helped ease maize prices. By contrast, international rice prices moved up by another 2.3 percent in November, influenced by currency appreciations against the United States dollar in some Asian suppliers and good buying interest. According to FAO’s most recent analysis, domestic staple food prices sustained their year-on-year higher levels in November. In some regions, seasonal harvests and domestic policy interventions in favour of critical food and input markets abated the pressure on prices. Price transmission from global food and energy markets, amid widespread currency depreciation, continues to reinforce the upward trend of domestic prices and is expected to push the 2022 food import bills to record levels in many countries. Adverse weather events and market disruptions from conflict and civil unrest are other contributory factors to tight supply conditions and elevated domestic staple food prices.
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    Food Price Monitoring and Analysis (FPMA) Bulletin #10, 13 December 2023
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    International cereal prices continued their downward trend in November. Seasonal harvest pressure contributed to the decline in world prices of coarse grains and wheat. The FAO All Rice Price Index remained stable month-on-month, amid contrasting price trends across origins and market segments. In most countries monitored by FAO, annual food inflation remained elevated in November, with domestic staple food prices registering higher levels year-on-year. Multiple concurrent shocks, including conflict, insecurity and extreme weather events linked to the prevailing El Niño phenomenon, have continued to constrain food production and marketing activities in some countries. Macroeconomic difficulties, such as currency, weakness remained a compounding factor underlying the high food price levels, particularly in net food importers.
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    Food Price Monitoring and Analysis (FPMA) Bulletin #10, 12 December 2025
    Monthly report on food price trends
    2025
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    World maize prices edged up in November 2025 on strong demand and weather-related fieldwork delays in South America, while global wheat prices moved in divergent directions, with United States of America prices supported by potential Chinese purchases, while in Argentina, ample production prospects weighed on prices. By contrast, international rice prices declined, as main-crop harvests in Northern Hemisphere exporting countries and subdued import demand kept Indica and fragrant rice quotations under downward pressure. Across the domestic markets monitored by FAO, generally favourable supply conditions underpinned stable or declining staple cereal prices in several regions during October and November 2025. Maize prices eased in Southern Africa and Central America but firmed in South America amid constrained market availabilities. Seasonal declines continued for coarse grains in West Africa, while prices remained significantly elevated in parts of East Africa, where conflicts, insecurity and severe macroeconomic pressures persisted. Wheat grain and flour prices remained steady or softened across South America, Eastern Europe, the Caucasus, Central Asia and Far East Asia, reflecting adequate supplies. Rice prices stabilized in Far East Asia, while they dropped in South America, underpinned by abundant 2025 harvests. In the Near East, cereal prices remained high in several countries, driven by subsidy reductions and poor harvest outcomes.

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