Price Watch

December 2014 Price Watch and Annex

December 2014

Figure 1 12312014.JPG

Figure 1. FEWS NET regional price indices and FAO Food Price Index, January 2009 – November 2014

               

IPC 2.0 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 2.0 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 2.0 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, markets were well supplied with staple foods in November as regional harvests progressed. Staple food prices were stable or declining, except in areas directly and indirectly affected by the conflict in northeastern Nigeria. The Ebola outbreak has led to both official and voluntary restrictions on the movement of goods and people in affected Guinea, Liberia, and Sierra Leone, resulting in atypical market trends in some areas.

  • In East Africa, maize prices continued to decline in Tanzania, Kenya, Uganda, and surplus-producing areas of Ethiopia, and South Sudan as harvests and regional trade flows improved market supplies. Staple food prices were high and variable in conflict-affected areas of South Sudan, but declined in northwestern Somalia and Sudan with the progression of local average to above-average harvests. Conflict, insecurity, and seasonal road condition deterioration continued to disrupt markets in parts of South Sudan, Somalia, and the Darfur and South Kordofan States in Sudan.

  • In Southern Africa, regional staple food availability remains higher than previous years. Harvests from the 2013/14 production year were well-above average in the region’s surplus-producing countries. Maize began increasing seasonally in South Africa in November, but prices throughout the region remain below their respective 2013 levels.

  • Market supplies continued increased from recent Primavera harvests in Haiti (June-August) and Postrera harvests in Central America (October-December). Red bean prices reached record-high prices in many areas of Central America in 2014, but declined in many places in November. In Haiti and Guatemala, black bean prices stabilized in November following recent local harvests. Maize prices followed seasonal trends in October, while local and imported rice prices remained stable throughout the region.

  • In Central Asia, wheat availability remained good region-wide in November. Prices were stable, but above average in many places.

  • International rice and wheat prices were stable, while maize and soybean prices increased slightly in November. Global production for most key commodities reached record or near-record levels in 2014, making for very well supplied global markets. Crude oil prices declined sharply again in November, remaining at their lowest levels in four years.

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