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Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #8, 11 October 2023
Monthly report on food price trends
2023Also available in:
No results found.International cereal price trends were mixed in September 2023. Maize prices have increased, reflecting a variety of different factors in the major exporting countries, while wheat prices continued to ease as harvests came to an end in the Northern Hemisphere. Meanwhile, generally subdued import demand slightly lowered international rice prices, amid lingering uncertainties regarding India’s rice export policy and progressively thinning supplies in various exporters. In most countries monitored by FAO, domestic staple food prices in September 2023 remained above their year-earlier levels. Rising energy prices continued to support higher transport and distribution costs, while currency weakness contributed to inflate import costs. Insecurity and conflict have remained important contributory factors to food price increases in Haiti and parts of East and West Africa, while the prevailing El Niño phenomenon is raising concerns over prospects for the 2023/24 crop production in parts of Asia and Southern Africa. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #8, 11 October 2024
Monthly report on food price trends
2024Also available in:
No results found.Global wheat prices increased in September 2024, driven by concerns over unfavourable weather conditions in a number of key exporting countries. International maize prices also increased as low river levels in Brazil and the United States of America caused logistical disruptions. By contrast, export quotations of Indica rice declined, amid generally quiet trading activity. FAO’s analysis of the latest available domestic price data reveals some year-on-year price softening for food staples in August and September 2024 in parts of Central America, East Africa and Far East Asia. However, the persistence of multiple concurrent shocks, including adverse weather conditions, conflicts and macroeconomic difficulties, continue to keep prices of key staples higher than last year’s levels in most Southern and West African countries, as well as in Argentina, Haiti, Myanmar, the Sudan and South Sudan. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin # 8, 13 October 2020
Monthly Report on Food Price Trends
2020Also available in:
No results found.International grain prices registered strong increases in September on production concerns and diminishing inventories, while international rice prices fell across the board amid slowdown in export demand and sales as well as the approaching main harvests in the Northern Hemisphere. In East Africa, prices of coarse grains generally increased in September following seasonal patterns. In most countries, prices were around their year-earlier levels, except in the Sudan and South Sudan, where they reached new record highs in several markets, underpinned by currency weakness and flood-related trade disruptions. In West Africa, prices of coarse grains in Nigeria continued their marked upward surge of the past few months as a result of the macro-economic environment and disruption to the supply chains due to the restrictive measures implemented to contain the COVID-19 pandemic.
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