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Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #5, 14 June 2023
Monthly report on food price trends
2023Also available in:
No results found.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. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #10, 14 December 2022
Monthly Report on Food Price Trends
2022Also available in:
No results found.International prices of wheat and maize fell in November, both influenced by the extension of the Black Sea Grain Initiative. Greater export competition and low demand for supplies from the United States of America contributed to the fall in wheat prices, while in the same country, improved logistics and higher seasonal availability also helped ease maize prices. By contrast, international rice prices moved up by another 2.3 percent in November, influenced by currency appreciations against the United States dollar in some Asian suppliers and good buying interest. According to FAO’s most recent analysis, domestic staple food prices sustained their year-on-year higher levels in November. In some regions, seasonal harvests and domestic policy interventions in favour of critical food and input markets abated the pressure on prices. Price transmission from global food and energy markets, amid widespread currency depreciation, continues to reinforce the upward trend of domestic prices and is expected to push the 2022 food import bills to record levels in many countries. Adverse weather events and market disruptions from conflict and civil unrest are other contributory factors to tight supply conditions and elevated domestic staple food prices. -
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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