Price Watch

July 2016 Global Price Watch

July 2016

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, market availability was good in June with supplies from above-average 2015/16 regional harvests, and international rice and wheat imports. Markets remained disrupted throughout the Lake Chad Basin and in parts of Central and Northern Mali. The recent depreciation of the Naira has led to price increases across Nigeria and reduced purchasing power for livestock in the Sahel.

  • In East Africa, maize prices followed seasonal downward trends in surplus-producing Tanzania, supporting a steady flow of exports to regional markets. Despite the availability of well below average supply from production in Ethiopia in late 2015 and early 2016, staple food prices have remained stable with the availability of food through humanitarian assistance programs underway. The South Sudanese Pound was allowed to float in December, leading to a persistent depreciation of the local currency and reducing purchasing power. Markets remain disrupted by insecurity in South Sudan and Yemen.

  • In Southern Africa, maize availability is well below average following a consecutive year of well-below average regional production. Production in Zambia is estimated as average, while South Africa did not produce enough to meet domestic requirements. Maize prices began to increase several months early in many areas and prices are well above-average levels across the region. Imports from outside of the region (likely from well-supplied international markets) will be required to fill the very large maize import gap. 

  • In Central America, regional bean supplies were average, while imports sustained stable levels of maize supplies. Maize and bean prices were atypically stable or increased. Locally produced bean and maize availability remained below average in Haiti, while imported commodity prices and availability remained stable.

  • In Central Asia, wheat availability remained adequate region-wide and trade continued between surplus and deficit countries. Prices are below their respective 2015 levels in surplus-producing areas.

  • International staple food markets remain well supplied. Wheat and rice prices were stable, while maize and soybean prices increased in June. Crude oil prices increased but remained well below 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