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Food Price Monitoring and Analysis (FPMA) Bulletin #3, 12 April 2024

Monthly report on food price trends











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    Global wheat export prices stabilized in April 2024 after declining for three consecutive months, while maize prices increased month‑on-month. International rice prices declined by 1.8 percent in April, largely due to harvest pressure. In most countries monitored by FAO, staple food prices remained at historically high levels in March and April 2024. In many countries, macroeconomic difficulties and high food distribution costs continue to drive elevated prices of both domestically produced and imported food commodities. In Haiti and parts of East and West Africa, protracted crisis situations have had a negative impact on food production and market functionality, resulting in high food prices. Weather-related shocks have reduced harvest prospects and placed upward pressure on maize prices in parts of Southern Africa and South America. By contrast, ample supplies and favourable harvest prospects led to declines in domestic wheat prices in parts of Eastern Europe, Caucasus and Central Asia, and Far East Asia.
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    Newsletter
    FPMA Bulletin #8, 9 September 2016 2016
    Ample supplies and improved production prospects kept cereal prices generally under downward pressure. Maize and rice quotations fell the most, while high quality wheat prices firmed on strong demand. In Africa, food prices in South Sudan declined in August although they remained high, while in Nigeria the weak currency continued to underpin prices. In Southern Africa, decreasing maize quotations in South Africa eased prices in importing countries. In Asia, domestic prices of rice weakened i n the main exporting countries in August, particularly in Thailand, amid mostly favourable prospects for the 2016 paddy crops and overall sluggish export demand. In South America, domestic prices of yellow maize in Argentina fell significantly from their record highs as a result of ample supplies from the recently-completed 2016 harvest, while they generally increased elsewhere due to an anticipated decline in this year’s outputs.
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    Journal, magazine, bulletin
    Food Price Monitoring and Analysis (FPMA) Bulletin #5, 14 June 2023
    Monthly report on food price trends
    2023
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    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.

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