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Uneven transmission of international cereal price shocks to domestic markets

Domestic cereal prices during a time of rising international prices

Year of publication 2025

Place of publication Rome, Italy ;

Pages 32 p.

Author Dawe, D.; Morales Opazo, C.; Touret Hidalgo, J.P. ;

Publisher FAO ;

Product type Book (stand-alone)

ISBN 978-92-5-139841-8

To cite or share https://doi.org/10.4060/cd5455en

Synopsis (short abstract) This study examines the evolution of domestic cereal prices in the low- and middle-income countries (LICs and MICs) from 2017 to mid-2023, covering the shocks of the COVID-19 pandemic and the war in Ukraine. Using monthly retail price data adjusted by the consumer price index (CPI), we analyse cross-country and regional trends. Results indicate that Latin America and the Caribbean is more sensitive to international price fluctuations, whereas regions such as Asia – especially China and India – exhibit greater stability, largely due to effective agricultural policies and robust domestic production. These findings underscore the need for targeted agricultural and food policies to bolster food security and resilience in LICs and MICs, ultimately contributing to a better life.

Cite this content as:

Dawe, D., Morales Opazo, C. & Touret Hidalgo, J.P. 2025. Uneven transmission of international cereal price shocks to domestic markets – Domestic cereal prices during a time of rising international prices. Rome, FAO.

https://doi.org/10.4060/cd5455en

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