ISSN2707.1952

CONTENTS

INTERNATIONALCEREALPRICES

2

DOMESTICPRICEWARNINGS

3

WESTAFRICA

6

SOUTHERNAFRICA

8

EASTAFRICA

10

FAREASTASIA

12

EASTERNEUROPE,CAUCASUSANDCENTRALASIA 14

CENTRALAMERICAANDTHECARIBBEAN

16

SOUTHAMERICA

17

Pricewaminglevel:HighModerate[BasedonGIEWSanalysis]

Source:GEW5modifiedtocomplywithUNmap.2024.Wamingsareonlyincludediflatestavailablepricedataisnotolerthantwomonths.

FoodandAgricultureOrganization

oftheUnitedNations

FPMA

FoodPiceMonitoringandAnalysis

BULLETIN

#1

13February2024

MONTHLYREPORTONFOODPRICETRENDS

KEYMESSAGES

7InternationalwheatandcoarsegrainpricesdeclinedinJanuary2024aslargeseasonalsuppliesexerteddownwardpressureonprices.Bycontrast,theFAOAllRicePriceIndexincreasedby1.2percentinJanuary,largelyreflectingincreasesinIndicaquotations.

FAO'sanalysisofdomesticstaplefoodpricesshowsthathighpricelevelspersistedinDecember2023andJanuary2024.Inmostcountries,domesticstaplefoodpricesremainedelevatedduetomultiplefactors,includingconflicts,insecurityandextremeweatherevents,whichconstrainedfoodavailabilityandaccess.Currencyweaknessremainsacompoundingfactortighteningsupply,especiallyinnetfoodimportingcountries,throughreducedimportsduetofinancialconstraintsandincreasingdebtburdens.

Domesticpricewarnings

Argentina|Wheatflour

Ecuador|Rice

Myanmar|Rice

Nigeria|Staplefoods

Pakistan|Wheatflour

SouthSudan|Staplefoods

Sudan|Staplefoods

Zambia|Maize

Zimbabwe|Maizemea

GIEWS-GlobalInformationandEarlyWarningSystemonFoodandAgriculture

INTERNATIONALCEREALPRICES

InternationalwheatandcoarsegrainpricesdeclinedinJanuary,whilethoseofricecontinuedtoincrease

IntemationalwheatpricesdeclinedinJanuary2024,ledbya5percentmonth-on-monthfallinAustralia's(EasternStates,ASW)quotationsastherecentlycompletedharvestincreasedexportavailabilities.Similarly,higherseasonalsuppliesunderpinneda1percentmonth-on-monthdeclineinArgentina's(12%,UpRiver)prices.EuropeanUnion(France,grade1,Rouen)pricesandthebenchmarkUnitedStatesofAmerica(USNo.2,HardRedWinter)quotationsalsofell,by2.5percentand1.93percent,respectively,inJanuaryreflectingcontinuedstrongcompetitionamongmajorexporters.

Internationalmaizepricesdroppedfastermonth-on-month.TheArgentina(UpRiver)valuesfellby3.7percentinJanuary2024ascropconditionsimprovedwiththeimminentstartofanexpectedbumperproduction.ThestartofthefirstmaizeharvestinBrazilalsocontributedtoadeclineof2.4percentintheBrazil(Paranagua,feed)

quotationsinJanuary.Amplesupplies,furtherboostedbyanupwardrevisiontotheproductionestimateintheUnitedStatesofAmerica,contributedtoa3.3percentdeclineinthebenchmarkUnitedStatesofAmerica(USNo.2,Yellow)maizeprice.

TheFAOAllRicePriceIndexaveraged142.8pointsinJanuary2024,up1.2percentfromitsDecember2023level,largelyreflectinghigherIndicaquotations.InAsia,exportquotationsincreasedinPakistanandThailandastradersbusiedtofulfilpreviouslycontracteddealsandIndonesiaannouncedanotherimporttender.Bycontrast,pricesdeclinedinVietNam,influencedbyadepreciationofthedongvis-à-vistheUnitedStatesdollarandsluggishfreshtradeaheadofthe2024winter-springharvest.IntheUnitedStatesofAmerica,reducedcompetitionwithSouthAmericanexportersandsalestoregularmarkets,sustainedamildincreaseinlong-grainprices.

Internationalwheatprices

UnitedStatesdollarpertonne

550

500

450

400

350

300

250

200

Apr-22Jul-22Oct-22Jan-23Apr-23Ju+23Oct-23Jan-24

Jan-22

UnitedStatesofAmerica(Gulf),

■Wheat(USNo.2,HardRedWinter)

■Argentina,Wheat(12%,UpRiver)

Australia(EasternStates)

Wheat(ASW)

LatestPriceJan-24

284.44

245.10

281.22

PercentChange

1M3M1Y

-1.9-0.9-25.6

-1.0-19.4-34.6

-5.0-5.1-13.5

PercentChange

1M

1Y

3M

LatestPriceJan-24

■

■

■

■

39.6

-1.7

1.7

599.25

VietNam,Rice(25%broken)

5.1

26.7

5.4

553.50

Pakistan,Rice(25%broken)

2.6

12.9

27.4

675.33

Thailand(Bangkok),Rice(Thai100%B)

0.4

1.6

731.50

0.2

UnitedStatesofAmerica,Rice(USNo.2,

4%LongGrain)

FormoreinformationvisittheFPMAwebsitehere

GIEWSFPMABulletin13February2024

WholesalepricesofricearecordlevelsinJanuary2024

Wholesalepricesofthewidelyconsumed"Emata"riceincreasedinJanuary2024torecordlevels,asseasonaldownwardpressurewasoffsetbythebelow-average2023mainpaddyoutput,whichfollowsareducedoutputin2022.Highpricesofagriculturalinputsandtransportcosts,alsocontributedtosupportpriceswhich,inJanuary2024,wereabout80percenthigherthanthealreadyhighlevelsofayearearlier

DOMESTICPRICEWARNINGS

Countrieswherepricesofoneormorebasicfoodcommodityareatabnormalhighlevelswhichcouldnegativelyimpactaccesstofood

Argentina|Wheatflour

GrowthRate(%)

to12-23

Sameperiod

average

3months

9.8

-0.5

12months

5.1

0.1

Compoundgrowthrateinrealterms.

Refersto:Argentina,GreaterBuenosAires,Retail,Bread(Frenchtype).

Wheatflourpricesrosesharplytonewrecordlevels

Retailpricesofwheatfloursoaredby52percentmonth-on-monthinDecember2023,followingthedevaluationoftheArgentinepesofromARS364/USD1toARS800/USD1.Wheatflourpricesrosethroughout2023,onaccountoftightsuppliesofwheatgrainfromthebelow-averageharvestsin2022and2023,compoundedbyelevatedmillingandtransportcosts.Ingeneral,pricesoffooditemscontinuedtoincrease,amiddifficultmacroeconomicconditions,exacerbatedbythecurrencydevaluation.InDecember2023,theannualfoodinflationratewasabout250percentatthenationallevel.

Ecuador|Rice

GrowthRate(%)

Sameperiod

to01-24

average

3months

n.a

n.a

12months

n.a.

n.a.

Compoundgrowthrateinrealterms.

Refersto:Ecuador,Quito,Wholesale,Rice(longgrain).

PricesofriceinJanuary2024remainedbetween32and53percentupfromayearearlier

WholesalepricesofricehaveremainedoverallstablesinceNovember2023,asmarketsareadequatelysuppliedwithlargeimportsbetweenSeptemberandNovember2023.FollowingthesharpincreasesbetweenJuneandOctober2023,priceswerebetween32and53percenthigherthantheirJanuary2023valuesacrossmajormarkets,reflectingtightsuppliesfromthereduced2023mainseasonoutputaffectedbyexcessiverainsduringtheharvestingperiod.Inordertoincreasedomesticavailabilityandstabilizericeprices,thegovemmentsuspendedimportdutiesonrice(upto63246tonnes)from17Julyto31December2023.

Myanmar|Rice

GrowthRate(%)

to01-24

Sameperiod

ayerage

3months

9.8

-0.1

12months

4.2

0.6

Compoundgrowthrateinrealterms.

Refersto:Myanmar,Yangon,Wholesale,Rice(Emata,Manawthukha-FQ).

Pricewaminglevel:HighModerate

FormoreinformationvisittheFPMAwebsitehere

13February2024GIEWSFPMABulletin3

DOMESTICPRICEWARNINGSconrd

Nigeria|Staplefoods

GrowthRate(%)

Sameperiod

to09-23

average

3months

n.a.

n.a.

12months

n.a.

n.a.

Compoundgrowthrateinrealterms.

Refersto:Nigeria,Giwa,Wholesale,Sorghum(white).

Pricesofstaplefoodsincreasedinmanymarketsandwereatveryhigh

levelsinSeptember2023

WholesalepricesofsorghumroseacrossthecountryinSeptember2023,whilepricesofmilletandmaizeshowedmixedtrends.Pricesofmillet,maizeandsorghumwerehigheronayearlybasis.WholesalepricesoflocalandimportedricewerestableorincreasedinSeptember,sustainingtheiryear-on-yearhigherlevels.Thehighcerealpricesareprimarilyunderpinnedbyelevatedtransportcosts,followingtherecentremovalofthefuelsubsidy,thedevaluationofthenairaandtheslightlydelayedharvestsinnorthernareas,whichareexpectedtoexperiencelocalizedshortfallsinproduction.

Pakistan|Wheatflour

GrowthRate(%)

Sameperioc

to01-24

average

3months

n.a.

n.a.

12months

n.a.

n.a.

Compoundgrowthrateinrealterms

Refersto:Pakistan,Lahore,Retail,Wheat(flour).

PricesofwheatflourgenerallystableinJanuary2024,butatnear-record

levels

Pricesofwheatflour,thecountry'smainfoodstaple,increasedsharplybetweenApril2022andJune2023,reachingrecordhighs.Thepricesurgewasduetothetightmarketsupplyandhighcostsofproductionandtransport,mostlydrivenbyhikesinpricesofpetroleumandenergy.Thesignificantdepreciationofthenationalcurrencysincethebeginningof2022madeimportsmoreexpensiveandcontributedtopriceincreases.InJulyandAugust2023,pricesdecreasedseasonally,remaininggenerallystablesincethen.InJanuary2024,wheatflourpriceswereonaverage65percenthigherthantheelevatedlevelsayearearlier.

SouthSudan|Staplefoods

GrowthRate(%)

to01-24

Same

period

wefage

3months

7.1

3.6

12months

3.1

1.1

Compoundgrowthrateinrealtems.

Refersto:SouthSudan,Juba,Retail,Maize(white).

PricesofmaizeandsorghumlevellingoffinJanuary2024atrecordlevels,

mainlyduetoinsufficientsuppliesandseveremacroeconomicdifficulties

Inthecapital,Juba,pricesofmaizeandsorghumlevelledoffatrecordlevelsinJanuary2024asthesecondseasonharvest,recentlyconcludedinsouthernbimodalrainfallareas,increasedmarketavailabilities.Pricesofgroundnutsandimportedwheat,otherimportantstaplesinthelocaldiet,remainedfirmaswell,whilepricesofcassavadecdinedby4percentNominalfoodpricesinJanuary2024wereexceptionallyhigh,withthoseofmaizeandsorghumatrecordlevels,44and21percent,respectively,higherthantheiralreadyhighyear-earliervaluesandmorethan100timesthoseinJuly2015,beforethecurrencycollapse.Underlyingthehighfoodpricesareinsufficientsuppliesduetolowlocalproductionandreducedimports,andthecontinuouslydifficultmacroeconomicsituationduetolowforeigncurrencyreservesandaweaknationalcurrency.

FormoreinformationvisittheFPMAwebsitehere

GIEWSFPMABulletin13February2024

Pricesofstaplefoodsatveryhighlevels,exacerbatedbytheongoingconflict

Pricesofthemainstaples,sorghumandmillet,followedmixedtrendsinNovember2023,andwerebelowtheveryhighyear-earlierlevelsbutuptofivetimesthevaluesinNovember2021.Cerealpricesbegantofollowasustainedincreasingtrendinlate2017duetothedifficultmacroeconomicsituation,coupledwiththehighpricesoffuelandagriculturalinputsinflatingproductionandtransportcosts.Heightenedpoliticalinstabilitysince2019andtheconflictsinceApril2023exertedfurtherupwardpressure.

Sharpincreaseinmaizepricesatthestartof2024

Followingafewmonthsofrelativestabilityinlate2023,pricesofmaizemealrosesteeplyinJanuary2024.Thesharpuptickinpricesislargelyattributedtotheeffectsofapersistentandsharplossofvalueofthenationalcurrencyinthelastmonths;currencyweaknesshasbeenthekeyfactorunderpinningsteeppricegrowththroughout2023.Thenationalinflationratereached35percentinJanuary,upfrom27percentinthepreviousmonth.

DOMESTICPRICEWARNINGSconrd

Sudan|Staplefoods

GrowthRate(%)

to11-23

Sameperiodaverage

3months

12.7

-4.2

12months

2.6

0.0

Compoundgrowthrateinrealtems.

Refersto:Sudan,Kadugli,Retail,Sorghum.

Zambia|Maize

GrowthRate(%)

Sameperiod

to01-24

average

3months

5.2

4.9

12months

4.0

0.2

Compoundgrowthrateinrealtems.

Refersto:Zambia,NationalAverage,Retail,Maize(white).

Maizegrainpricesriserapidlyatthestartof2024,hittinganewrecord

high

PriceincreasesofmaizegrainquickenedinJanuary2024comparedtotheprecedingmonthandreachedanewall-timehightthatwasmorethan70percenthigheronayearlybasis.Currencyweaknessisthefundamentalfactorunderpinningtheelevatedlevelsandhascontributedtohighheadlineinflationrates,whichwereataneartwo-yearhighinJanuary2024.Inresponsetothecontinuedpricegrowth,theBankofZambiaraiseditspolicyrateagaininNovember2023,thefourthrisein2023.Lookingahead,lowrainfallamountsinpartsofcountrycouldcontaincerealproductionin2024,whichisapotentialupsiderisktodomesticfoodprices.

Zimbabwe|Maizemeal

GrowthRate(%)

to01-24

Same

period

Werage

3months

n.a.

n.a.

12months

n.a.

n.a.

Compoundgrowthrateinrealterms.

Refersto:Zimbabwe,Harare,Retail,Maizemeal.

FormoreinformationvisittheFPMAwebsitehere

13February2024GIEWSFPMABulletin5

WESTAFRICA

PricesofcoarsegrainswerestableordecreasedinmanymarketsinNovemberandDecember2023,andwerehigheronayearlybasisinseveralcountries

InNovemberandDecember2023,pricesofcoarsegrainsremainedstableordedinedinmanymarketsofthecountriesoftheSahelandalongtheGulfofGuinea,amidseasonalharvestpressure.Inseveralcountriesofthesubregion,pricesofcoarsegrainswerehigherthanayearearlier.

InMali,wholesalepricesofmilletandsorghumremainedstableordecreasedinmostmarketsinDecember2023.Wholesalepricesofmilletwerebelowtheirelevatedyear-earliervalues,whilepricesofsorghumwerenearorbelowtheirhighlevelsayearearlier.Similarly,inBurkinaFaso,wholesalepricesofmilletandsorghumremainedstableordedinedinmostmarketsinDecember2023.Thisreflectsthedeliveryofhumanitarianassistanceforinternallydisplacedpersonsandthereleaseofcerealsfromthenationalfoodreservesatsubsidizedpricesthroughtheso-calledboutiquestémoins,asocialprotectionmeasureadoptedbythegovernmentin2013toimprovecerealaccessforthemostvulnerablepopulations,compoundedbyimprovedsuppliesfromtheongoing2023cerealharvest,estimatedataslightlyabove-averagelevel.Pricesofmilletwerebelowtheirelevatedyear-earlierlevels,whilepricesofsorghumwereneartheiryear-earliervaluesinmostmarkets.IntheNiger,wholesalepricesofmilletremainedstableinmostmarketsinDecember2023,whilepricesofsorghumregisteredseasonaldedlines.Pricesofmilletandsorghumwereupto16and35percent,respectively,higheryear-on-year.TheelevatedpricesweremainlysupportedbythesanctionsimposedbytheEconomicCommunityofWestAfricanStatesfollowingthemilitarytakeoverinJuly2023,indudingthesuspensionofeconomicandcommercialtransactionsandtheclosureofborderswithBeninandNigeria,key

sourcesandtransitareasforimportedfood.Inaddition,thehighercerealpricesweresupportedbydisruptedinternaltradeflowsduetopoorsecurityconditions.

InSenegal,nationalaverageretailpricesofmaize,milletandsorghumdecreasedseasonallyinDecember2023.Theaveragepricesofcoarsegrainswerebelowtheirelevatedyear-earliervalues,reflectingtheincreaseincerealproductionin2023,whichisestimatedatanabove-averagelevel.InTogo,retailpricesofmaizeweregenerallystableinDecember2023,whilepricesofsorghumremainedstableordeclined.Pricesofmaizewerenearorbelowtheiryear-earlierlevels,whilepricesofsorghumwerebetween25and42percenthigherthantheirDecember2022levels.InBenin,retailpricesofbothmaizeandsorghumdecreasedinDecember2023.Pricesofmaizeweregenerallyneartheiryear-earliervalues,whilepricesofsorghumwereupto52percenthigheryear-on-year.Theelevatedpricesareunderpinnedbythehighpricesoffuelandagriculturalinputs,aswellasincreasedtransportcostsduetothehighcostofinformalimportsoffuelfromNigeria.Furthermore,reducedcross-borderflowsduetotheclosureoftheborderwiththeNigeraddedupwardpressureonprices.InNigeria,wholesalepricesofmillet,sorghumandmaizefollowedmixedtrendsinNovember2023andremainedwellabovetheiryear-earlierlevels.Similarly,wholesalepricesoflocalriceshowedmixedtrends,butpricesofimportedriceremainedstableorroseinNovember.Pricesofbothlocalandimportedricewerehigheronayearlybasis.Thehighcerealpricesareunderpinnedbyelevatedtransportcosts,thedevaluationofthenaira,below-averagecerealproductionin2023andstronglocaldemand.

WholesalepricesofmilletandsorghuminMall

CFAfranc(BCEAO)per100kg

LatestPricePercentChange

Dec-231M3M1Y

45000

40000

■Bamako,Millet230000.0-8.0-8.0

35000

■Sikasso,Millet

225000.0-10.0-47.1

30000

25000

■Bamako,Sorghum230000.0-4.22.2

20000

■Sikasso,Sorghum18000-12.2-20.0-48.6

15000

Dec-21Mar-22Jun-22Sep-22Dec-22Mar-23Jun-23Sep-23Dec-23

WholesalepricesofmilletandsorghuminBurkinaFaso

CFAfranc(BCEAO)per100kg

40000

35000

30000

25000

20000

15000

Dec-21Mar-22Jun-22Sep-22Dec-22Mar-23Jun-23Sep-23Dec-23

■BoboDioulasso,Millet

■BoboDioulasso,Sorghum

■Dédougou,Millet

■Dédougou,Sorghum

LatestPricePercentChange

Dec-231M3M1Y

26500-1.9-25.4-27.4

21500-2.3-4.4-6.5

25500-1.9-1.9-15.0

200000.0-4.80.0

FormoreinformationvisittheFPMAwebsitehere

GIEWSFPMABulletin13February2024

WESTAFRICAcontd

WholesalepricesofmilletandsorghumintheNiger

CFAfranc(BCEAO)per100kg

■Niamey,Millet

■Dosso,Millet

■Niamey,Sorghum

■Dosso,Sorghum

Dec-23

LatestPriceDec-23

2700

2500

27500

27000

PercentChange1M3M1Y

0.0-19.4

0.0-21.9

3.8

4.2

40000

35000

30000

25000

20000

15000

Dec-21

Mar-22Jun-22Sep-22Dec-22Mar-23Jun-23Sep-23

-3.5-15.414.6

-6.9-22.935.0

■NationalAverage,Millet

■NationalAverage,Sorghum

NationalAverage,Maize

LatestPrice

Dec-23

356

362

311

PercentChange

1M3M1Y

-10.3-18.7-17.0

-4.7-16.0-11.7

-7.7-6.6-15.5

RetailpricesofmaizeandsorghuminBenin

CFAfranc(BCEAO)perkg

800

700

600

500

400

300

200

100

Dec-21Mar-22Jun-22Sep-22Dec-22Mar-23Jun-23

Sep-23Dec-23

■Cotonou,Maize

■Natitingou,Maize

■Cotonou,Sorghum

■Natitingou,Sorghum

LatestPriceDec-23

248

201

668

385

PercentChange1M3M1Y

-4.2-27.710.7

-6.5-26.4-6.9

-4.610.822.6

-7.923.040.0

Wholesalepricesofmaizeandsorghumin

Nigeria

Nairaper100kg

70000

LatestPriceNov-23

PercentChange1M3M1Y

60000

■Lagos,Sorghum(white)

66200

-0.317.7133.9

50000

■Maiduguri,Sorghum(white)

37000

2.8-21.785.0

40000

30000

■Lagos,Maize(white)

39200

-1.5-22.762.8

20.000

10000

Nov-21Feb-22May-22Aug-22Nov-22Feb-23May-23Aug-23Nov-23

■Maiduguri,Maize(white)

38500

1.3-24.187.8

FormoreinformationvisittheFPMAwebsitehere

13February2024GIEWSFPMABulletin7

SOUTHERNAFRICA

Somesignsofdisinflation,butfoodpricesstillremainexceptionallyhigh

Cerealpricesinmostcountrieswereathigheryear-on-yearlevelsinDecember2023andJanuary2024,reflectingthecumulativeimpactsofweathershocksondomesticproduction,elevatedinternationalcommoditypricesandweakcurrenciesthatintensifiedexchangeratepass-througheffectstodomesticprices.Lookingahead,anupsiderisktopricegrowthinthenextmonthsistheimpactofElNino-relatedrainfalldeficitsoncerealproductionin2024.SeveralareasacrossSouthernAfricaarealreadyexperiencingdrynessandpotentialproductiondeclines,particularlyincountrieswheredomesticharvestsconstitutethebulkofnationalcerealsupplies,couldexertupwardpressureongrainprices.

InSouthAfrica,averagewholesalepricesofmaizegrain,whichremainatloweryear-on-yearlevels,fellmoderatelyinJanuary2024,supportedbygenerallybetter-than-expectedproductionprospectsforthe2024crop.Themostlypositiveproductionoutlookreflectsgenerallyconduciveweatherconditions,despitethepresenceofElNino,andnewfielddataconfimingearierforecastsoflargeryear-on-yearmaizeplantings.However,lowerrainfallamountswererecordedinwesternparts,wherewhitemaizeispredominantlygrown,whichslightlytemperedthemonthlypricedecdlinesofwhitemaize.Bycontrast,therewasanuptickinwholesalewheatpricesinJanuary,followingasmallcutbacktothedomesticwheatproductionestimate,withrecentdataconfirmingtheadverseeffectofheavyrainsatharvesttimeonyields;wheatprices,however,werestill7percentloweryear-on-year.InthenetcerealimportingcountriesofBotswana,

EswatiniandNamibia,retailpricesofmaizemealweregenerallystableordeclinedmoderatelymonth-on-monthinDecember2023.Thesetrendswerealsomirroredinthefoodinflationrates,asmaizeaccountsforarelativelylargeweightintheinflationindexreflectingitsimportanceinnationaldiets.SimilarlyinMozambique,retailmaizegrainpricesinDecember2023werelargelyunchangedcomparedtothepreviousmonth,buthigheronayearlybasis.InZambia,pricesofmaizegrainrosesteeplyinearly2024almostby10percentcomparedtothepreviousmonth,continuingtheupwardtrendfrom2023.ThepriceofmaizegrainreachedanewrecordhighinJanuary2024,andwasmorethan70percenthigheronayearlybasis.Currencyweaknessisamajorfactorunderpinningthesharppricegrowth.Inresponsetothecontinuedfoodpriceincreases,andpricesingeneral,theBankofZambiaraisedthepolicyrateinNovember,markingthefourthincreasein2023.InZimbabwe,therewasajumpinthenationalinflationrateinJanuary2024,whenitreached35percent,upfrom27percentinthepreviousmonth.Theincreaseislargelyattributedtoasharplossofvalueofthenationalcurrency,whichisthekeyfactorcontributingtothesurgeinthecostofliving.InMalawi,despitefallingfromaten-yearpeakinNovember2023,theinflationratewasestimatedatastillhighlevelof37percentinDecember.Akeydriveristheweakcurrency,whichwasdevaluedbyabout40percentinlate2023.WithElNino-linkedhotanddryweatherconditionsaffectingpartsofthecountry,potentialproductiondeclinesthisyearcouldtriggerfurtherincreasesinfoodprices.

WholesalepricesofmaizeinSouthAfrica

Randpertonne

5500

5300

5100

4900

4700

4500

4300

4100

3900

3700

3500

Jan-22Apr-22Ju+22Oct-22Jan-23Apr-23Juh23Oct-23Jan-24

■Randfontein,Maize(white)

■Randfontein,Maize(yellow)

PercentChange1M3M1Y

-9.2-4.2-16.5

LatestPriceJan-24

3883.77

-9.8-5.3-21.5

3673.59

FormoreinformationvisittheFPMAwebsitehere

GIEWSFPMABulletin13February2024

SOUTHERNAFRICAcontd

RetailpricesofmaizeinZambia

zambiankwachaper25kg

300

250

200

150

100

NationalAverage,Breakfastmaizemeal

NationalAverage,Whiterollermaizemeal

latestPriceJan-24

292.09

244.44

PercentChange1M3M1Y

2.01.361.0

2.02.665.0

NationalAverage,Maize(white)159.849.518.571.1

50

lan-22Apr-22Julh-22Oct-22Jan-23Apr-23Jul-23Oct-23Jan-24

FormoreinformationvisittheFPMAwebsitehere

GIEWSFPMABulletin

13February

2024

9

EASTAFRICA

PricesofcoarsegrainsremainatexceptionallyhighlevelsinSouthSudanandtheSudan

Pricesofcoarsegrainsfollowedmixedtrendsinrecentmonths,remainingabovetheiryear-earlierlevelsinsomecountriesofthesubregion.ExceptionallyhighpricelevelscontinuetoberecordedinSouthSudanandtheSudan,underpinnedbytightsuppliesandseveremacroeconomicdificulties,indudingcurrencyweakness.IntheSudan,pricesarefurthersupportedbytheongoingdisruptionstoagriculturalandtradingactivitiesasaresultoftheconflictthatstartedon15April2023.

IntheSudan,agriculturalproductionandmarketingactivitiescontinuetobesignificantlyconstrainedbytheongoingconflict.PricesofmilletandsorghumfollowedmixedtrendsinNovember2023andwerebelowtheveryhighyear-earlier2022levelsbutwellabovethevaluesinNovember2021,withthecompoundingeffectsofconflictoccurringagainstabackdropofalreadyelevatedpricesduetomacroeconomicchallenges.InSouthSudan,pricesofmaizeandsorghumlevelledoffinJanuary2024inthecapital,Juba,asthesecondseasonharvest,recentlyconcludedinsou