Price Watch

November 2021 Global Price Watch

November 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, cereal and legume market supplies increased in October with the onset of the main harvest. Supply, however, remained below average across much of the region due to below-average production in several countries and due to a limited release of stocks. Above-average demand was reported in most areas due to increased replenishment of trader and industrial stocks. Overall, prices decreased or were stable compared to September at above-average levels. Trade flows remained affected by lingering border restrictions and high transport costs. Conflict-related market disruptions were reported across parts of Mali, Burkina Faso, Niger, Nigeria, Chad, and Cameroon. 

  • In East Africa, staple food prices exhibited mixed trends. Maize and sorghum prices increased seasonably in Burundi, Sudan, and parts of Somalia as stocks tightened and demand increased in source markets. Prices remained stable in most markets in Uganda, Kenya, Ethiopia, South Sudan, and parts of Somalia due to the ongoing or imminent start of October-to-January harvests. Prices remained elevated across the region due to high inflation and below-average harvests. Livestock prices remained stable or declined because of poor rangeland conditions.

  • In Southern Africa, markets and the milling subsector are well-supplied, with maize following above-average production during the 2020/21 production year, except in Madagascar, where supply was below average. Price trends followed seasonal stable or increasing trends in October. Prices remained lowest in Malawi and South Africa. Although rainfall conditions are favorable at the start of the 2021/22 production season, high production costs may constrain production, especially in South Africa. While firm international commodity prices supported regional export earnings, many regional currencies continued to depreciate. 

  • In Central America, markets were well supplied and operating normally. Maize prices declined following primera harvests, while local bean prices were stable at average to above-average levels. Prices increased typically in El Salvador due to increasing fuel and transportation costs. In Haiti, fuel shortages, political unrest, and insecurity disrupted commercial activities. Local maize and black bean prices were stable at elevated levels while imported staple foods prices continued to increase. 

  • In Central Asia, wheat price trends varied. Wheat prices in Kazakhstan and Pakistan tracked international reference market trends, increasing further in October. Prices increased across Afghanistan with the depreciation of the AFN. In Yemen, prices remained above average due to protracted conflict and persistent depreciation of the YER. Price trends differed significantly between internationally recognized government (IRG) and Sana’a-based authorities (SBA) controlled areas.

  • International staple food markets remained well supplied.  Rice and maize prices were stable while wheat prices continued rising at elevated levels (Figure 2). Global crude oil and fertilizer prices, along with freight costs, reached five-year high levels. 

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