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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 #6, 12 July 2023
Monthly report on food price trends
2023Also available in:
No results found.International prices of all major cereals declined in June. Seasonal supplies put downward pressure on both wheat and maize prices, with wheat harvests starting in the Northern Hemisphere and maize harvests continuing in the Southern Hemisphere. Rice prices also declined amid subdued demand for non-Indica rice and efforts to attract export sales in Pakistan. In most countries monitored by FAO, domestic prices of basic foods in June 2023 remained above their year‑earlier levels. High prices of coarse grains persisted in East and West Africa, while seasonal pressure supported declines in maize prices in Southern Africa and South America. In Eastern Europe, Caucasus and Central Asia countries and East Asia, ample carry-over stocks and new supplies from ongoing harvests are contributing to softer wheat and wheat flour prices. Meanwhile, in East Asia, domestic rice prices were generally stable across the subregion but increased in major exporting countries. Conflict and insecurity, adverse weather, high prices of agricultural inputs, elevated distribution costs as well as currency weaknesses continue to be the major drivers. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #7, 14 September 2023
Monthly report on food price trends
2023Also available in:
No results found.Seasonal supplies continued to weigh on the world prices of wheat and maize in August 2023, as their harvesting operations were concluded in the Northern and Southern Hemisphere, respectively. By contrast, international rice prices rose to their highest level in 15 years, in nominal terms, largely reflecting trade disruptions registered in the aftermath of India’s July ban on Indica white rice exports. In most countries monitored by FAO, domestic prices of basic food commodities persisted at year-on-year higher levels in July and August 2023 due to the impact of conflict and insecurity, adverse weather, high prices of agricultural inputs, elevated distribution costs and currency weaknesses. On a monthly basis, domestic rice prices increased seasonally in most countries in East Asia, while supplies from 2023 harvests supported a decline in maize prices in Southern Africa and South America. In Eastern Europe, Caucasus and Central Asia countries and in East Asia, ample carryover stocks and supplies from recent harvests underpinned month-on-month declines in wheat and wheat flour prices.
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