Price Watch

August 2022 Global Price Watch

August 2022

IPC v3.1 Acute Food Insecurity Phase

1: Minimal
2: Stressed
3: Crisis
4: Emergency
5: Famine
Would likely be at least one phase worse without current or programmed humanitarian assistance
FEWS NET classification is IPC-compatible. IPC-compatible analysis follows key IPC protocols but does not necessarily reflect the consensus of national food security partners.

IPC v3.1 Acute Food Insecurity Phase

1: Minimal
2: Stressed
3+: Crisis or higher
Would likely be at least one phase worse without
current or programmed humanitarian assistance
FEWS NET classification is IPC-compatible. IPC-compatible analysis follows key IPC protocols but does not necessarily reflect the consensus of national food security partners.
FEWS NET Remote Monitoring countries use a colored outline to represent the highest IPC classification in areas of concern.

IPC v3.1 Acute Food Insecurity Phase

Presence countries:
1: Minimal
2: Stressed
3: Crisis
4: Emergency
5: Famine
Remote monitoring
countries:
1: Minimal
2: Stressed
3+: Crisis or higher
Would likely be at least one phase worse without
current or programmed humanitarian assistance
FEWS NET Remote Monitoring countries use a colored outline to represent the highest IPC classification in areas of concern.

Key Messages

  • In West Africa, staple food prices increased in July, as market reliance reached its peak. In the Sahel, high price levels were due to the below-average stocks, national restrictions on grain exports, high fuel prices, and persistent insecurity. In the Coastal countries, price increases were driven by strong export demand, depreciating national currencies, and the sharp rise in import costs.

  • In East Africa, staple commodity prices increased in most markets in Burundi, Kenya, Ethiopia, Sudan, and South Sudan, due to a reduction in stocks and other localized drivers. Maize prices decreased in Uganda and parts of Tanzania due to supply from the below-average June-to-July harvest and regional imports. Livestock prices were stable or increased due to improved rangeland conditions. Shrinking hard currency reserves and currency depreciation continued to put upward pressure on prices and drove inflation across most countries in the region.

  • In Southern Africa, maize prices increased atypically in July due to below-average production, higher transportation costs, and strong export demand, notably to East Africa as the drought continued to alter regional trade patterns. Maize prices increased in Tanzania, Mozambique, DRC, and Zimbabwe but were stable or decreased slightly in other countries. Prices trended above last year and five-year average due to high fuel and fertilizer costs, below-average supply, and strong export demand while currency depreciation conditioned across much of the region. 

  • In Central America, food supplies remained stable, and markets operated normally. White maize prices were stable or increased seasonally. Red/black beans and rice prices were stable across the region. In Haiti, insecurity due to gang activity limited food and fuel supply in urban areas. Local yellow maize prices were stable or decreased due to the recent spring harvest, while local currency depreciation led to higher imported product prices.

  • In Central Asia, wheat prices were relatively stable compared to the previous month in most markets as ongoing harvests in Kazakhstan, Pakistan, and Tajikistan were projected to be on par with the previous year (Afghanistan’s wheat harvest, however, was below average). Regionally wheat prices remained elevated compared to the five-year average given ongoing impacts of the Ukraine/Russia conflict. In Yemen, wheat and other food prices largely stabilized with improved market availability, though prices remained well above the five-year average.

  • International staple food markets were sufficiently supplied. Global staple food prices decreased due to seasonal supply increases from harvests and the new agreement to open Ukraine’s seaports, and reduced market volatility. Global fuel and fertilizer prices declined driven by softening global demand outlooks. However, prices remain above last year and the five-year average.

About Price Watch

Price Watch offers a monthly summary and outlook on global, regional and national trends of key commodity prices in FEWS NET countries. Analysis may touch on global issues, such as fuel prices or exchange rates, if they are likely to influence staple food prices in FEWS NET countries. The accompanying Price Watch Annex details price trends by country.

About FEWS NET

The Famine Early Warning Systems Network is a leading provider of early warning and analysis on food insecurity. Created by USAID in 1985 to help decision-makers plan for humanitarian crises, FEWS NET provides evidence-based analysis on approximately 30 countries. Implementing team members include NASA, NOAA, USDA, USGS, and CHC-UCSB, along with Chemonics International Inc. and Kimetrica.
Learn more About Us.

Link to United States Agency for International Development (USAID)Link to the United States Geological Survey's (USGS) FEWS NET Data PortalLink to U.S. Department of Agriculture (USDA)
Link to National Aeronautics and Space Administration's (NASA) Earth ObservatoryLink to the National Oceanic and Atmospheric Administration's (NOAA) National Weather Service, Climage Prediction CenterLink to the Climate Hazards Center - UC Santa BarbaraLink to KimetricaLink to Chemonics