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Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #8, 11 October 2023
Monthly report on food price trends
2023Also available in:
No results found.International cereal price trends were mixed in September 2023. Maize prices have increased, reflecting a variety of different factors in the major exporting countries, while wheat prices continued to ease as harvests came to an end in the Northern Hemisphere. Meanwhile, generally subdued import demand slightly lowered international rice prices, amid lingering uncertainties regarding India’s rice export policy and progressively thinning supplies in various exporters. In most countries monitored by FAO, domestic staple food prices in September 2023 remained above their year-earlier levels. Rising energy prices continued to support higher transport and distribution costs, while currency weakness contributed to inflate import costs. Insecurity and conflict have remained important contributory factors to food price increases in Haiti and parts of East and West Africa, while the prevailing El Niño phenomenon is raising concerns over prospects for the 2023/24 crop production in parts of Asia and Southern Africa. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #8, 11 October 2024
Monthly report on food price trends
2024Also available in:
No results found.Global wheat prices increased in September 2024, driven by concerns over unfavourable weather conditions in a number of key exporting countries. International maize prices also increased as low river levels in Brazil and the United States of America caused logistical disruptions. By contrast, export quotations of Indica rice declined, amid generally quiet trading activity. FAO’s analysis of the latest available domestic price data reveals some year-on-year price softening for food staples in August and September 2024 in parts of Central America, East Africa and Far East Asia. However, the persistence of multiple concurrent shocks, including adverse weather conditions, conflicts and macroeconomic difficulties, continue to keep prices of key staples higher than last year’s levels in most Southern and West African countries, as well as in Argentina, Haiti, Myanmar, the Sudan and South Sudan. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #8, 12 October 2022
Monthly Report on Food Price Trends
2022Also available in:
No results found.International cereal prices increased in September. The month-on-month increase in international wheat prices mostly reflected uncertainty regarding Ukraine’s exports past November, unfavourable weather conditions in the United States of America and higher pressure on supplies in the European Union. World maize prices increased marginally due to upward pressure from tighter supplies, dry conditions and uncertainty regarding Ukraine’s exports. International rice prices increased, mostly in response to export policy changes in India and concerns about the impacts of the heavy flooding in Pakistan. FAO’s most recent analysis of domestic food prices continues to show widespread extremely high levels of food price inflation in September, particularly among low-income food-deficit countries. The persistent upward pressure on domestic food prices, particularly for imported food items, remains underpinned by reduced domestic supplies of some commodities, national macroeconomic difficulties, currency depreciation, poor weather conditions, localized insecurity as well as near-record to record high energy and fertilizer prices.
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