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Journal, magazine, bulletinBulletinFood Price Monitoring and Analysis (FPMA) Bulletin #6, 12 July 2023
Monthly report on food price trends
2023Also available in:
No results found.International prices of all major cereals declined in June. Seasonal supplies put downward pressure on both wheat and maize prices, with wheat harvests starting in the Northern Hemisphere and maize harvests continuing in the Southern Hemisphere. Rice prices also declined amid subdued demand for non-Indica rice and efforts to attract export sales in Pakistan. In most countries monitored by FAO, domestic prices of basic foods in June 2023 remained above their year‑earlier levels. High prices of coarse grains persisted in East and West Africa, while seasonal pressure supported declines in maize prices in Southern Africa and South America. In Eastern Europe, Caucasus and Central Asia countries and East Asia, ample carry-over stocks and new supplies from ongoing harvests are contributing to softer wheat and wheat flour prices. Meanwhile, in East Asia, domestic rice prices were generally stable across the subregion but increased in major exporting countries. Conflict and insecurity, adverse weather, high prices of agricultural inputs, elevated distribution costs as well as currency weaknesses continue to be the major drivers. -
Journal, magazine, bulletinBulletinFood Price Monitoring and Analysis (FPMA) Bulletin #10, 14 December 2022
Monthly Report on Food Price Trends
2022Also available in:
No results found.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. -
Journal, magazine, bulletinBulletinFood Price Monitoring and Analysis (FPMA) Bulletin #5, 15 June 2022
Monthly Report on Food Price Trends
2022Also available in:
No results found.International wheat prices increased in May in response to India’s announcement of a wheat export ban, amid global supply concerns fuelled by reduced 2022 production prospects as well as disruptions to shipments due to the war in Ukraine. By contrast, international prices of coarse grains eased, as maize harvests in Argentina and Brazil, along with slightly improved crop conditions in the United States of America, alleviated the pressure on markets. Rice prices increased for the fifth successive month in May, amid generally upbeat demand. Based on latest available data, FAO analysis indicates that the number of countries across the globe facing exceptionally high levels of food prices increased sharply in May. Many cases, while originating from reduced domestic supplies, national macroeconomic difficulties and/or localized insecurity, are being exacerbated by the impact of the war in Ukraine on international food, fuel and fertilizer markets.
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