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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. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #2, 13 March 2024
Monthly report on food price trends
2024Also available in:
No results found.International prices of all major cereals declined in February 2024. Ample supplies and strong competition among exporters underpinned a decline in wheat and maize prices. International rice prices also dropped as, aside from Indonesian purchases, fresh import demand remained broadly low and new crop harvests began in some exporting countries.In most countries monitored by FAO, domestic staple food prices remained high in February 2024. Extreme weather events, conflicts and insecurity have remained key underlying drivers of high prices. Weak national currencies are limiting pass‑through effects to domestic markets from the declines in international cereal prices. Shipping disruptions in the Panama Canal and the Red Sea could create additional inflationary pressures on domestic food markets in the short term through higher food import costs. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #2, 10 March 2022
Monthly Report on Food Price Trends
2022Also available in:
No results found.Prices of all major cereals increased in February. Wheat and coarse grain prices were pressured upward by supply uncertainties amidst potential disruptions to exports from the Black Sea Region. Crop condition concerns in South America continued to lend support to maize prices. Although international rice prices also edged up during February, they remained below their year-earlier levels. In most of West Africa, prices of coarse grains continued to increase and were at near-record levels. In the Sahel, prices were underpinned by reduced outputs and conflicts, while in the coastal countries, they were supported by strong export demand and currency depreciation. Reduced cross-border trade flows and higher international prices, particularly of maize, added upward pressure on domestic prices. In East Africa, prices of coarse grains followed mixed trends in February and were generally well above their year-earlier levels across the subregion. Exceptionally high levels prevailed in South Sudan and the Sudan. In Far East Asia, in Sri Lanka, prices of rice and wheat flour continued to increase, reaching record levels in February due to further depreciation of the national currency. Expectations of a below-average main “Maha” crop added to the upward price pressure in the case of rice, while upward trends in international markets provided additional support to wheat prices.
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