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The Impact of Rising Food Prices on the Poor








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    Book (stand-alone)
    Household level impacts of increasing food prices in Cambodia 2010
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    There has been widespread concern regarding the surge in staple prices over the last few years and developments have been widely recognized, although to a varying degree, as one of the recent price surge and increased price volatility. Within the Asian context, food security conditions are mostly related to rice production and the price of rice. The analysis presented in this paper sheds light on the impacts of the increase in the prices of key food staples on different household groups and identifies the vulnerable segments of the population. The analysis shows that generally Cambodia gains from an increase in the price of rice although particular segments of the poor stand to lose. The analysis concludes that from a food security perspective, the price of rice should be monitored closely while considering the identified vulnerable household groups.
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    Journal, magazine, bulletin
    Food Price Monitoring and Analysis (FPMA) Bulletin #5, 14 June 2023
    Monthly report on food price trends
    2023
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    International prices of wheat and maize continued to decline in May, while rice prices increased further. The downward trend in wheat prices was mostly due to ample global supplies and subdued import demand, while an expected record crop in Brazil and higher production in the United States of America were largely behind the decline in maize prices. The extension of the Black Sea Grain Initiative also contributed to softening world prices. By contrast, international rice quotations continued their upward trend in May, as previous deals with Asian buyers were executed and supplies tightened in some exporters, such as Viet Nam and Pakistan. In most countries monitored by FAO, domestic staple food prices in May 2023 remained above their year‑earlier levels. Conflict and insecurity, adverse weather, high prices of agricultural inputs, elevated distribution costs as well as currency weaknesses continue to be the major drivers. Coarse grain prices remained considerably high in East and West Africa, while harvests eased the pressure on maize prices in Southern Africa and South America. In Eastern Europe, Caucasus and Central Asia countries and East Asia, ample stocks and supplies from ongoing harvests contributed to the softening of wheat and wheat flour prices. Meanwhile, in East Asia, domestic rice prices increased in major exporting countries despite harvest pressures weighing on prices in other countries of the subregion.
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    Journal, magazine, bulletin
    Food Price Monitoring and Analysis (FPMA) Bulletin #3, 12 April 2024
    Monthly report on food price trends
    2024
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    International wheat prices declined in March 2024, amid ample global supplies, relatively favourable conditions of crops still to be harvested and strong competition on international markets, while global maize prices firmed marginally. International rice prices fell by 1.7 percent in March, largely due to subdued import demand.FAO’s analysis of the latest available data shows that, in most countries, domestic staple food prices remained elevated in February and March 2024 compared to the previous year. In the Sudan, South Sudan and Haiti, conflict and insecurity have continued to constrain food production and marketing activities. Price spikes occurred in several Southern African countries, where drought conditions have dimmed prospects for the 2024 cereal harvest. By contrast, falling international prices and favourable harvest prospects moderated domestic wheat prices in parts of Eastern Europe, Caucasus and Central Asia, South America and Far East Asia. For net food importers, persistent currency weakness has reinforced the upward pressure on local food prices, most significantly in parts of East Africa, Southern Africa and West Africa.

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