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Food Price Monitoring and Analysis Bulletin #8, 12 October 2021

Monthly Report on Food Price Trends













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    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.
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    Wheat export prices increased further in November, reflecting tight export availabilities. International barley and maize prices also increased, while those of rice kept broadly steady reined in by harvest progress in various Asian suppliers and scattered demand. In East Africa, prices of coarse grains followed mixed trends in November lingering at levels higher than one year ago, with exceptionally high levels still prevailing in South Sudan and the Sudan. Across most of West Africa, prices of coarse grains generally levelled off or increased in November, and remained above their year-earlier values, in particular in the regions where worsening security conditions continued to disrupt food trade and markets. In East Asia, prices of wheat grain and wheat flour continued to increase in November in several countries and were mostly well above their year-earlier levels, largely reflecting the high prices in international markets.
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    Journal, magazine, bulletin
    Food Price Monitoring and Analysis (FPMA) Bulletin #9, 10 November 2021
    Monthly Report on Food Price Trends
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    International prices of all major cereals increased month on month in October. Wheat prices led the increase, with prices of rice, barley and maize being also firmer. In East Africa, prices of coarse grains followed mixed trends in October and were generally higher than one year earlier, with exceptionally high levels still prevailing in the Sudan and South Sudan. Prices were well above their year-earlier levels also in Uganda and Somalia, due to reduced availabilities, and in Ethiopia, mainly due to macro-economic difficulties and conflict‑related trade disruptions in some areas. In West Africa, prices of coarse grains decreased seasonally in October for the second consecutive month. However, prices were still significantly above their year-earlier values across the subregion, particularly in central Sahel and Lake Chad Basin, where increased conflicts continued to disrupt agricultural livelihoods, trade and markets.

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