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Food Price Monitoring and Analysis (FPMA) Bulletin #6, 12 July 2024

Monthly report on food price trends











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    Global maize prices fell sharply in June 2025 on increased seasonal supplies from Southern Hemisphere harvests. International rice prices also declined, driven by weaker demand for Indica varieties. By contrast, global wheat prices increased month-on-month in some regions, despite harvest pressure from the Northern Hemisphere, mainly due to weather concerns in some key producing areas. FAO’s analysis of domestic staple food prices for May and June 2025 reveals that macroeconomic challenges, prolonged conflicts and extreme weather events are primary drivers behind the year-on-year price increases in several countries. Depreciating national currencies further intensified the upward pressure on staple food prices, particularly in net‑food importing countries. The recent escalation of conflicts has worsened food price inflation in several regions, notably East Africa and the Central Sahel. By contrast, food-related policy interventions have helped curb price increases in various countries, while supply recovery from recently concluded or ongoing harvests underpinned recent declines in key staple food prices across Far East Asia, South America and Southern Africa.
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    Food Price Monitoring and Analysis (FPMA) Bulletin #6, 12 July 2023
    Monthly report on food price trends
    2023
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    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.
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    Food Price Monitoring and Analysis (FPMA) Bulletin #9, 13 November 2024
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    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.

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