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Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #6, 12 July 2023
Monthly report on food price trends
2023Also available in:
No results found.International prices of all major cereals declined in June. Seasonal supplies put downward pressure on both wheat and maize prices, with wheat harvests starting in the Northern Hemisphere and maize harvests continuing in the Southern Hemisphere. Rice prices also declined amid subdued demand for non-Indica rice and efforts to attract export sales in Pakistan. In most countries monitored by FAO, domestic prices of basic foods in June 2023 remained above their year‑earlier levels. High prices of coarse grains persisted in East and West Africa, while seasonal pressure supported declines in maize prices in Southern Africa and South America. In Eastern Europe, Caucasus and Central Asia countries and East Asia, ample carry-over stocks and new supplies from ongoing harvests are contributing to softer wheat and wheat flour prices. Meanwhile, in East Asia, domestic rice prices were generally stable across the subregion but increased in major exporting countries. Conflict and insecurity, adverse weather, high prices of agricultural inputs, elevated distribution costs as well as currency weaknesses continue to be the major drivers. -
Book (stand-alone)Crop Prospects and Food Situation - No.3 July 2008 2008World cereal production in 2008 is forecast to increase 2.8 percent to a record 2 180 million tonnes. Most of the increase is in wheat following significant expansion in plantings in all regions. Coarse grains output is expected around the bumper level of last year but lower than earlier anticipated due to severe floods in the United States, the world¡¯s largest producer and exporter. Rice is tentatively forecast to increase slightly from last year¡¯s good level. Despite the anticipated inc rease in world output, cereal markets will remain tight in 2008/09. Total cereal supply (carry-in stocks plus production) will barely exceed the anticipated utilization and the world cereal reserves will recover only marginally from the current estimated 30-year low.
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Book (stand-alone)Crop Prospects and Food Situation - No. 1 April 2006 2006World cereal production in 2006 is forecast to decline marginally from last year's good level. Wheat output is expected to decrease reflecting smaller crops in the United States and the CIS in Europe, due to adverse weather. Production of coarse grains is tentatively forecast to decline mostly as a result of reduced plantings anticipated in the United States. Rice output may increase as very early prospects are favourable. In Eastern Africa, recent rains eased somewhat drought conditions i n the pastoral areas of the Horn, where 7.9 million people require emergency food aid. In Southern Africa, the 2006 maize crop, being gathered, has recovered from last year's drought-affected harvest in most countries of the subregion. However in South Africa and Angola, production will decline. In North Africa, bumper wheat and barley crops are in prospect. In Asia, the outlook for the 2006 wheat crop, being harvested, has deteriorated in India, but it is positive in other main producers of the region. Emergency assistance in needed in Mongolia and Timore-Leste following a sharply reduced 2005 cereal production. In Latin America and the Caribbean, the 2006 wheat output is anticipated substantially up in Mexico. In South America, maize output is forecast as sharply down in Argentina but production will recover in Brazil. However, rice crop in Brazil is put well below the record level of 2005. In Paraguay, the soybean crop will be again severely reduced by dry weather. A larger 2006 wheat crop is forecast in the EU but production is expected to decline in the United States. In the Russian Federation and Ukraine this year's wheat production is put sharply down due to abnormally cold winter.
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