Price Watch

July 2021 Global Price Watch

July 2021

IPC v3.0 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 v3.0 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 v3.0 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 supplies were below average in June and continued to decrease seasonally as the lean season set in. Demand continued to increase and was above average due to more intensive replenishment of trader of stocks, a longer institutional purchase period, and exports to the eastern basin. Staple food prices remained above five-year average levels, especially in Nigeria. Conflict-related market disruptions persisted across parts of Mali, Burkina Faso, Niger, Nigeria, Chad, and Cameroon. Livestock demand increased significantly ahead of the Tabaski holiday, but livestock trade in the region remained below average due to trade restrictions and insecurity.

  • In East Africa, staple food price trends varied. Prices increased seasonally in Sudan and decreased in Tanzania, Burundi, and South Sudan following domestic harvests. Prices were seasonably stable in Ethiopia and Uganda. Prices were atypically stable in Kenya, supported by imports, while prices increased in Somalia ahead of anticipated poor harvests. Livestock prices remained stable or increased with improved rangeland conditions. Poor macro-economic conditions continued to put upward pressure on prices in Burundi, Ethiopia, Sudan, and South Sudan. 

  • In Southern Africa, favorable growing conditions led to above-average maize production across much of the region. Aggregate national maize supply is expected to be average to above-average, except in Madagascar, where supply will be below average. Intra-regional informal trade is below average due to domestic availability and limited import demand. Prices were stable or continued declining and were generally lower than 2020 levels but remained above average in many countries. South Africa continued to export to international markets, and maize prices there continue to track high global reference market prices. These trends were also reflected in neighboring import-dependent countries.

  • In Central America, markets were well supplied and operating normally. Maize prices increased seasonally in June, except for Guatemala and Nicaragua. Bean prices were stable, and rice prices remain stable. In Haiti, local maize and black bean prices decreased seasonally while imported rice prices were stable. Other imported staple foods experienced depreciation-induced price increases.

  • In Central Asia, wheat prices were stable in June but remained significantly above five-year average levels. Wheat prices in Afghanistan and Kazakhstan were similar to or below 2020 levels. In Yemen, the effects of foreign currency shortages, currency depreciation, and exchange rate volatility due to protracted conflict and other socioeconomic drivers continued to have economy-wide effects. Staple food prices remained significantly above average.

  • International staple food markets were well supplied. Rice, maize, wheat, and soybean prices decreased on average in June (Figure 2). Global crude oil prices increased further due to tightening inventory levels while global fertilizer prices were stable or increasing in June.

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