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Journal, magazine, bulletinFood 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, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #1, 10 February 2023
Monthly report on food price trends
2023Also available in:
No results found.International prices of wheat fell again in January, as the short-term outlook for global supplies continued to improve, in particular following latest estimates of larger 2022 outputs in Australia and the Russian Federation than earlier expected. By contrast, international coarse grain prices firmed marginally, mostly reflecting the continued strong demand for maize supplies from Brazil. For rice, tighter availabilities, strong local demand in some Asian exporting countries and exchange rate movements increased international prices at an accelerated pace in January. FAO’s analysis of domestic staple food prices indicates that significantly high price levels persisted in December 2022 and January 2023, despite some evidence of easing from 2022 peaks for selected countries, including parts of Southern Africa and West Africa. Food access constraints will likely continue in the near term, amid fragile social and economic conditions in several areas, especially in the Horn of Africa. Developments in the global market, along with other concurrent shocks, including adverse weather events, conflicts and macroeconomic challenges such as currency weaknesses, will continue to influence domestic staple food price trends. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #2, 10 March 2023
Monthly report on food price trends
2023Also available in:
No results found.After edging down for the past three months, international prices of wheat firmed marginally in February, mostly reflecting strong demand and concerns over dry weather conditions in some major exporters. World maize prices were nearly unchanged in February, with mixed price trends among the major exporters. International rice prices eased in February, amid exchange rate movements and a slowdown in trading activities in most major Asian exporters. Latest analysis by FAO shows that domestic staple food prices generally remained at elevated levels in February 2023. Seasonal factors and price transmission from the recent weakening of international grain prices supported month‑on‑month declines in some staple food prices in parts of East Asia, South America, Southern Africa and West Africa. Nonetheless, in many countries, conflict, adverse weather events and macroeconomic challenges, particularly currency weakness, continue to drive up local prices.
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