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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 #2, 13 March 2024
Monthly report on food price trends
2024Also available in:
No results found.International prices of all major cereals declined in February 2024. Ample supplies and strong competition among exporters underpinned a decline in wheat and maize prices. International rice prices also dropped as, aside from Indonesian purchases, fresh import demand remained broadly low and new crop harvests began in some exporting countries.In most countries monitored by FAO, domestic staple food prices remained high in February 2024. Extreme weather events, conflicts and insecurity have remained key underlying drivers of high prices. Weak national currencies are limiting pass‑through effects to domestic markets from the declines in international cereal prices. Shipping disruptions in the Panama Canal and the Red Sea could create additional inflationary pressures on domestic food markets in the short term through higher food import costs. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #1, 11 February 2025
Monthly report on food price trends
2025Also available in:
No results found.In January 2025, global maize prices increased while both wheat and rice prices declined, with wheat experiencing only a marginal decrease. Maize prices were influenced by unfavourable planting conditions in Argentina and Brazil along with tight supplies in major exporting countries. Wheat prices edged only slightly lower as weak import demand weighed against tight export supplies, especially from the Russian Federation. Meanwhile, international rice prices declined, amid ample exportable supplies and increased competition among exporters. FAO’s analysis of the latest available domestic food price data shows persistently high year-on-year prices in many countries in December 2024 and January 2025, despite month‑on-month price declines in countries with ongoing or recently-concluded harvests. In Far East Asia, rice prices were at near-record levels in Myanmar and the Philippines, partly due to unfavourable harvest prospects and high input costs. In East and West Africa, prolonged conflicts and macroeconomic challenges kept prices of key staples significantly elevated in some countries. In Southern Africa, tight domestic supply conditions drove white maize prices to new record highs in several countries.
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