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Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #7, 14 September 2023
Monthly report on food price trends
2023Also available in:
No results found.Seasonal supplies continued to weigh on the world prices of wheat and maize in August 2023, as their harvesting operations were concluded in the Northern and Southern Hemisphere, respectively. By contrast, international rice prices rose to their highest level in 15 years, in nominal terms, largely reflecting trade disruptions registered in the aftermath of India’s July ban on Indica white rice exports. In most countries monitored by FAO, domestic prices of basic food commodities persisted at year-on-year higher levels in July and August 2023 due to the impact of conflict and insecurity, adverse weather, high prices of agricultural inputs, elevated distribution costs and currency weaknesses. On a monthly basis, domestic rice prices increased seasonally in most countries in East Asia, while supplies from 2023 harvests supported a decline in maize prices in Southern Africa and South America. In Eastern Europe, Caucasus and Central Asia countries and in East Asia, ample carryover stocks and supplies from recent harvests underpinned month-on-month declines in wheat and wheat flour prices. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #6, 12 July 2024
Monthly report on food price trends
2024Also available in:
No results found.International prices of all major cereals eased in June 2024. The decline in global wheat export prices mostly reflected downward pressure from seasonal supplies in the Northern Hemisphere while the fall in maize export prices was underpinned by seasonal increases in the supplies from Southern Hemisphere countries, along with favourable production prospects in the United States of America. International rice prices posted a modest decline in June, largely reflecting generally quiet trading activities. In several countries monitored by FAO, domestic staple food prices persisted at high levels in May and June 2024. Ongoing conflicts and high levels of insecurity disrupted trading activities and supported high prices of cereals in Haiti, Myanmar, South Sudan, the Sudan and some Sahelian countries. In Southern Africa, prices of maize, the main food staple, also remained at elevated levels in countries where widespread and intense drought resulted in well below-average harvests in 2024. Weak national currencies and high transport costs sustained inflationary pressure on domestic food markets and food import costs in several countries. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #5, 11 June 2024
Monthly report on food price trends
2024Also available in:
No results found.International prices of all major cereals increased in May 2024. Significant increases were registered for wheat export prices, reflecting concerns about the impacts of unfavourable crop conditions in major producing countries, while maize export prices rose due to various factors. The FAO All Rice Price Index also increased in May, driven by higher Indica quotations. In many countries monitored by FAO, domestic staple food prices remained at high levels in April and May 2024, underpinned by adverse weather events, conflict-related disruptions to supply chains and macroeconomic difficulties contributing to high food distribution costs. The lingering effect of prolonged conflict and insecurity remained a major driver of the high food prices in Haiti, Myanmar, South Sudan, the Sudan and Sahelian countries. In Southern Africa and Argentina, the anticipated year-on-year decline in the maize output sustained upward pressure on prices, amidst ongoing harvests. In South America and Far East Asia, rice prices were generally higher year-on-year in the major producing countries despite seasonal harvest downward pressure.
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