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BulletinFood Price Monitoring and Analysis (FPMA) Bulletin #1, 10 February 2023
Monthly report on food price trends
2023Also available in:
No results found.International prices of wheat fell again in January, as the short-term outlook for global supplies continued to improve, in particular following latest estimates of larger 2022 outputs in Australia and the Russian Federation than earlier expected. By contrast, international coarse grain prices firmed marginally, mostly reflecting the continued strong demand for maize supplies from Brazil. For rice, tighter availabilities, strong local demand in some Asian exporting countries and exchange rate movements increased international prices at an accelerated pace in January. FAO’s analysis of domestic staple food prices indicates that significantly high price levels persisted in December 2022 and January 2023, despite some evidence of easing from 2022 peaks for selected countries, including parts of Southern Africa and West Africa. Food access constraints will likely continue in the near term, amid fragile social and economic conditions in several areas, especially in the Horn of Africa. Developments in the global market, along with other concurrent shocks, including adverse weather events, conflicts and macroeconomic challenges such as currency weaknesses, will continue to influence domestic staple food price trends. -
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. -
BulletinFood Price Monitoring and Analysis (FPMA) Bulletin #5, 14 June 2023
Monthly report on food price trends
2023Also available in:
No results found.International prices of wheat and maize continued to decline in May, while rice prices increased further. The downward trend in wheat prices was mostly due to ample global supplies and subdued import demand, while an expected record crop in Brazil and higher production in the United States of America were largely behind the decline in maize prices. The extension of the Black Sea Grain Initiative also contributed to softening world prices. By contrast, international rice quotations continued their upward trend in May, as previous deals with Asian buyers were executed and supplies tightened in some exporters, such as Viet Nam and Pakistan. In most countries monitored by FAO, domestic staple food prices in May 2023 remained above their year‑earlier levels. Conflict and insecurity, adverse weather, high prices of agricultural inputs, elevated distribution costs as well as currency weaknesses continue to be the major drivers. Coarse grain prices remained considerably high in East and West Africa, while harvests eased the pressure on maize prices in Southern Africa and South America. In Eastern Europe, Caucasus and Central Asia countries and East Asia, ample stocks and supplies from ongoing harvests contributed to the softening of wheat and wheat flour prices. Meanwhile, in East Asia, domestic rice prices increased in major exporting countries despite harvest pressures weighing on prices in other countries of the subregion.
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