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Food policy monitoring in the Near East and North Africa region. 1st Quarter 2023 | Bulletin








FAO. 2023. Food policy monitoring in the Near East and North Africa region. 1st Quarter 2023 | Bulletin. Cairo. 


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    Food policy monitoring in the Near East and North Africa region. 3rd Quarter 2023 | Bulletin 2023
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    Global commodities and food prices continued their downward trend in the third quarter of 2023; however, food price inflation remains a great concern in the Near East and North Africa (NENA) region. While the oil-exporting Gulf countries are faring well through the ongoing macroeconomic challenges, other NENA countries are struggling with high energy and input costs, economic challenges, domestic currency depreciation and serious food insecurity in the conflict zones. Lebanon, Libya, Mauritania, the Syrian Arab Republic and Yemen are expected to lack the resources to deal with reported critical problems of food insecurity.
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    Food policy monitoring in the Near East and North Africa region. 2nd Quarter 2023 | Bulletin 2023
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    Although international commodities and food prices have declined over the past 12 months, domestic food price inflation remains high in many countries of the Arab region, partly due to domestic currency depreciation and continued high energy, transportation, and insurance costs. The average food consumer price index in the NENA region was 18.2 percent at the beginning of July 2023, according to the FAO Data Lab price nowcasting tool, and was elevated in the following countries: Algeria (18.9 percent), Egypt (67 percent), Lebanon (328 percent), Mauritania (14 percent), Morocco (15.3 percent), Sudan (28.2 percent), and Tunisia (16.2 percent). Conversely, Jordan and the oil-exporting Gulf countries have low food inflation rates (below 5 percent). Raising cash for foreign debt repayments has become an increasingly difficult task for many countries in the region (except for oil-exporting Gulf countries). This decreases the financial space to maintain the price support of basic staple food in real terms and safeguard social safety net measures, which, in turn, threatens to aggravate food insecurity.
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    FPMA Bulletin #6, 12 July 2018
    Monthly Report on Food Price Trends
    2018
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    International prices of wheat and maize fell in June despite generally worsening production prospects. By contrast, in rice markets, higher quotations of Japonica and fragrant rice outweighed declines in Indica rice prices. In East Africa, prices of grains in the Sudan remained at record highs in June due to concerns that 2018 plantings would be reduced by shortages and high prices of fuel and inputs, as well as a sharp depreciation of the local currency and the removal of subsidies. Similarly, a continuing currency depreciation, coupled with tight supplies and insecurity, contributed to keeping food prices at exceptionally high levels in South Sudan. In Central America, prices of white maize continued to increase seasonally in June, particularly in Nicaragua, where the ongoing social unrest contributed to push them to near-record highs. In South America, prices of yellow maize remained stable and well above their year-earlier levels in Argentina and Brazil, despite the ongoing 2018 maize harvests, mainly due to expectations of reduced outputs. Price of wheat continued to increase due to seasonally tight supplies and weakening currencies stimulating exports.

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