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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 #5, 9 June 2021
Monthly Report on Food Price Trends
2021Also available in:
No results found.International prices of grains increased overall again in May although they began to fall towards the end of the month on improved production prospects. International prices of rice held steady in May, with logistics problems and high shipping costs keeping trading activity subdued throughout the month. In East Africa, prices of coarse grains remained at near-record to record levels in the Sudan and South Sudan, underpinned by insufficient supplies and severe macro-economic difficulties, including currency weakness sustaining food inflation. Prices of maize grain in South Africa climbed moderately in May and remained up on a yearly basis, as the effects of higher prices on the international market have outweighed downward pressure from a substantial maize crop estimated for 2021. In South America, prices of yellow maize increased further in the key producing countries, Argentina and Brazil, remaining well above their year-earlier levels reflecting upward pressure from record export sales and adverse dry crop conditions, respectively. Markets in both countries were also supported by the strong upward trends in international price quotations. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #5, 11 June 2024
Monthly report on food price trends
2024Also available in:
No results found.International prices of all major cereals increased in May 2024. Significant increases were registered for wheat export prices, reflecting concerns about the impacts of unfavourable crop conditions in major producing countries, while maize export prices rose due to various factors. The FAO All Rice Price Index also increased in May, driven by higher Indica quotations. In many countries monitored by FAO, domestic staple food prices remained at high levels in April and May 2024, underpinned by adverse weather events, conflict-related disruptions to supply chains and macroeconomic difficulties contributing to high food distribution costs. The lingering effect of prolonged conflict and insecurity remained a major driver of the high food prices in Haiti, Myanmar, South Sudan, the Sudan and Sahelian countries. In Southern Africa and Argentina, the anticipated year-on-year decline in the maize output sustained upward pressure on prices, amidst ongoing harvests. In South America and Far East Asia, rice prices were generally higher year-on-year in the major producing countries despite seasonal harvest downward pressure.
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