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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 #1, 13 February 2024
Monthly report on food price trends
2024Also available in:
No results found.International wheat and coarse grain prices declined in January 2024 as large seasonal supplies exerted downward pressure on prices. By contrast, the FAO All Rice Price Index increased by 1.2 percent in January, largely reflecting increases in Indica quotations. FAO’s analysis of domestic staple food prices shows that high price levels persisted in December 2023 and January 2024. In most countries, domestic staple food prices remained elevated due to multiple factors, including conflicts, insecurity and extreme weather events, which constrained food availability and access. Currency weakness remains a compounding factor tightening supply, especially in net food importing countries, through reduced imports due to financial constraints and increasing debt burdens. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #1, 11 February 2025
Monthly report on food price trends
2025Also available in:
No results found.In January 2025, global maize prices increased while both wheat and rice prices declined, with wheat experiencing only a marginal decrease. Maize prices were influenced by unfavourable planting conditions in Argentina and Brazil along with tight supplies in major exporting countries. Wheat prices edged only slightly lower as weak import demand weighed against tight export supplies, especially from the Russian Federation. Meanwhile, international rice prices declined, amid ample exportable supplies and increased competition among exporters. FAO’s analysis of the latest available domestic food price data shows persistently high year-on-year prices in many countries in December 2024 and January 2025, despite month‑on-month price declines in countries with ongoing or recently-concluded harvests. In Far East Asia, rice prices were at near-record levels in Myanmar and the Philippines, partly due to unfavourable harvest prospects and high input costs. In East and West Africa, prolonged conflicts and macroeconomic challenges kept prices of key staples significantly elevated in some countries. In Southern Africa, tight domestic supply conditions drove white maize prices to new record highs in several countries.
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