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Journal, magazine, bulletinFPMA Bulletin #2, 9 March 2018
Monthly Report on Food Price Trends
2018International prices of wheat and maize increased further in February, mainly supported by weather-related concerns and currency movements. Export price quotations of rice also continued to strengthen, although the increases were capped by subsiding global demand for Indica supplies. In East Africa, in the Sudan, prices of the main staples: sorghum, millet and wheat, continued to increase in February and reached record highs, underpinned by the removal of the wheat subsidies and the strong depreciation of the Sudanese Pound. In Southern Africa, in Madagascar, prices of rice hit record highs at the start of the year, as a result of tight supplies following a sharp drop in the 2017 output to a substantially below-average level and a weaker currency. In West Africa, prices of coarse grains continued to generally increase in February and reached levels above those a year earlier despite the good harvests gathered in late 2017, due to a strong demand for stock replenishment, coupled with localized production shortfalls and insecurity in some areas. -
Journal, magazine, bulletinFPMA Bulletin #5, 11 June 2018
Monthly Report on Food Price Trends
2018Also available in:
No results found.International prices of wheat and maize rose further in May, mainly underpinned by weather-driven concerns over production prospects in key producing countries. International prices of rice remained firm, with upward pressure from sizeable purchases by Southeast Asian buyers largely offset by weaker currencies in key exporting countries. In East Africa, in the Sudan, prices of staple foods: millet, sorghum and wheat increased sharply in May, after faltering in the past two months and reached record highs. The recent increases reflect concerns over the performance of the 2018 harvest, which compounded upward pressure from a weak currency and the removal of wheat subsidies. In South America, prices of yellow maize and wheat continued to increase in key producers and exporters, Argentina and Brazil, reaching levels well above those in May last year and exerting upward pressure on prices in importing countries of the subregion. Prices of maize were mainly underpinned by sliding currencies and expectations of reduced outputs this year, while those of wheat were supported by seasonal pressure compounded mostly by the weaker currencies. In Central America, in Nicaragua, prices of white maize continued to increase sharply in May, with seasonal upward pressure exacerbated by higher fuel costs and ongoing social unrest. In general, prices of maize in the subregion were at levels well above those in May last year. -
Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin # 3, 10 April 2020
Monthly Report on Food Price Trends
2020Also available in:
No results found.Export prices of wheat and maize averaged lower in March than in February despite brisk trade activity amid worries over the COVID-19 pandemic as large global supplies and favourable production prospects continued to dominate market sentiment. By contrast, concerns over the pandemic and news of Viet Nam temporarily halting new export contracts, kept international prices of rice on the rise. An upsurge in food demand and disruptions to supply chains triggered by the COVID-19 pandemic underpinned food price increases in several countries in the second half of March. To counter over-pricing and ensure domestic availabilities during the pandemic, governments are adopting a variety of policy interventions. In Mexico and South Africa, prices of white maize rose significantly in March amid sharp currency depreciations largely driven by expectations of a COVID-19-induced economic downturn. In the Sudan, prices of staple foods soared to record highs in March following a further devaluation of the country’s currency as a result of acute foreign exchange shortages and a widening gap between the official and parallel exchange rates. Fuel shortages and a below‑average 2019 cereal output, coupled with high production and transportation costs, continued to exert an upward pressure on prices.
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