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Food Price Monitoring and Analysis (FPMA) Bulletin #7, 14 September 2022

Monthly Report on Food Price Trends












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    International prices of wheat generally rose in November although large global supplies capped the increases, those of maize also increased except in the United States of America, where they softened amid a slow pace in export sales. International prices of rice fell to six-month lows, pressured by new crop arrivals and sluggish demand. In Southern Africa, food prices continued to climb steeply in Zimbabwe amidst an economic crisis. Elsewhere, tight supplies and weak currencies continued to exert upward pressure on cereal prices, which were significantly higher on a yearly basis and at record highs in several countries. In East Africa, prices of coarse grains generally increased in November and reached high levels on a yearly basis, with seasonal trends compounded by reduced harvests in several countries and by a difficult macroeconomic situation in the Sudan and South Sudan. In CIS Asia, prices of wheat flour in Tajikistan and Kyrgyzstan continued to record atypical increases in November, underpinned by higher price quotations in the regional export market.
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    Food Price Monitoring and Analysis (FPMA) Bulletin #4, 11 May 2022
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    2022
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    International prices of coarse grains fell in April as maize harvests in Argentina and Brazil helped ease pressure on maize markets. By contrast, wheat prices edged upwards as global supply tightness persisted amidst the significantly reduced exports from Ukraine due to war-related impacts on export supply chains. For rice, strong Asian demand and weather setbacks in the Americas drove international prices up during April. In West Africa, new record high prices of coarse grains were reported in several countries, driven by a seasonal uptick in demand, lower cross‑border trade flows and higher international commodity prices. Conflicts in the Sahel and weak currencies in coastal countries added upward pressure on domestic prices. In East Africa, prices of coarse grains remained firm or increased further in April and continued to be well above their year-earlier levels across the subregion. Exceptionally high price levels continued to prevail in South Sudan and the Sudan. In Far East Asia, in Sri Lanka, prices of rice and wheat flour increased further in April to new highs mostly due to the sustained effects of precipitous currency depreciation and the below-average 2022 “Maha” crop output. In South America, prices of wheat in April remained significantly higher year on year and at record highs in some countries, owing to strong international demand in exporting countries and elevated international quotations in net-importing countries.
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    Food Price Monitoring and Analysis Bulletin #8, 12 October 2021
    Monthly Report on Food Price Trends
    2021
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    Wheat export prices increased for a third consecutive month reflecting continued strong demand amidst tightening export availability. Sustained by a mild improvement in trading activities, international rice prices made marginal increases over the multi-year lows touched in August 2021. Despite improved production prospects in some major exporters, maize prices remained elevated. In East Africa, prices of coarse grains remained stable or increased in September and were generally higher than one year earlier, with exceptionally high levels still prevailing in the Sudan and South Sudan. Prices were well above their year‑earlier levels also in Uganda due to reduced availabilities, and in Ethiopia, mainly due to macro-economic difficulties and conflict-related trade disruptions in some areas. In West Africa, prices of coarse grains levelled off or decreased in September in some countries with the arrival of new supplies from the main season harvests. However, prices still lingered well above their year-earlier values across the subregion supported by strong domestic and export demand, high production costs and protracted conflicts.

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