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Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #2, 10 March 2022
Monthly Report on Food Price Trends
2022Also available in:
No results found.Prices of all major cereals increased in February. Wheat and coarse grain prices were pressured upward by supply uncertainties amidst potential disruptions to exports from the Black Sea Region. Crop condition concerns in South America continued to lend support to maize prices. Although international rice prices also edged up during February, they remained below their year-earlier levels. In most of West Africa, prices of coarse grains continued to increase and were at near-record levels. In the Sahel, prices were underpinned by reduced outputs and conflicts, while in the coastal countries, they were supported by strong export demand and currency depreciation. Reduced cross-border trade flows and higher international prices, particularly of maize, added upward pressure on domestic prices. In East Africa, prices of coarse grains followed mixed trends in February and were generally well above their year-earlier levels across the subregion. Exceptionally high levels prevailed in South Sudan and the Sudan. In Far East Asia, in Sri Lanka, prices of rice and wheat flour continued to increase, reaching record levels in February due to further depreciation of the national currency. Expectations of a below-average main “Maha” crop added to the upward price pressure in the case of rice, while upward trends in international markets provided additional support to wheat prices. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #3, 12 April 2022
Monthly Report on Food Price Trends
2022Also available in:
No results found.International prices of wheat and coarse grains surged in March as the reduced exports from the Russian Federation and Ukraine worsened already tight global availabilities. Contrasting trends were evident across the market segments for rice, but overall, prices moved little in March. Across most of West Africa, prices of coarse grains continued to increase and were significantly higher year on year, amid lower cross-border trade flows and higher international prices of maize. Additional price support came from reduced outputs in the Sahel as well as from solid export demand in the coastal countries. In East Africa, prices of coarse grains remained firm or increased in March and were generally well above their year-earlier levels. Exceptionally high prices prevailed in South Sudan and the Sudan. In Far East Asia, in Sri Lanka, prices of rice and wheat flour continued to increase in March to new highs due to the depreciation of the national currency and the below-average 2022 “Maha” crop output. For wheat, the firmness in international markets provided additional support. In South America, prices of wheat continued to rise in March to levels ranging from 25 to 75 percent higher year on year, to reach record highs in some countries. The high price levels are due to strong international demand in exporting countries and elevated international quotations in net-importing countries. -
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.
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