Price Watch

September 2020 Global Price Watch

September 2020

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 seasonally low in September during the lean season when household market reliance reaches its peak. Insecurity-related market disruptions persist in the Greater Lake Chad basin, the Tibesti region, and the Liptako-Gourma region. Coarse grain prices increased between July and August in the Sahel and were above average in areas experiencing deficit and trade flow disruptions. Food prices continued to increase atypically in Nigeria amidst reduced market supplies and macroeconomic downturn. Livestock market activities were below average throughout the region due to limited exports and/or insecurity, which has affected market access.

  • In East Africa, staple food price trends varied across the region. COVID-19 related movement restrictions continued to contribute to some atypical supply, demand, and price patterns. Maize prices declined in surplus-producing Uganda and Tanzania and in Kenya with the progression of May-to-August harvests and in a context of weak regional demand. Prices remained stable at elevated levels or increased seasonally in Ethiopia, South Sudan, Burundi, and Sudan as stocks tightened ahead of October-to-December harvests. Livestock prices remained stable at elevated levels due to good animal body conditions.

  • In Southern Africa, markets were well supplied with maize as the 2020/21 marketing year progressed in most countries of the region. Prices were stable or varied seasonally in many countries. South Africa continued exporting maize to structurally-deficit countries of the region, notably to Zimbabwe where local production deficits coupled with deteriorating macroeconomic conditions have led to persistently increasing prices. Zambia maintained a ban on formal maize exports but continued exporting via informal channels due to favorable prices in neighboring countries.

  •  In Central America, maize and bean supplies were above average in August, supported by ongoing 2020 Primera season harvests as well as imports. Maize and bean prices were stable or decreasing on average. Bean prices exhibited mixed trends relative to 2019 levels. In Haiti, local and imported staple food supplies were at average to below-average levels in August. The Haitian gourde maintained relative stability against the USD.

  • In Central Asia, wheat prices were stable or decreasing on average in Afghanistan and Kazakhstan while wheat prices exhibited mixed trends in Pakistan. In Yemen, the broader conflict and macroeconomic context continued to disrupt overall market functioning and food access with staple food and fuel prices remaining above average.

  • International staple food markets are well supplied. Rice, wheat, and soybean prices were stable or increasing while maize prices exhibited mixed trends in August. Global crude oil prices increased further for a fourth consecutive month, although at a slower pace as economies continue to reopen. Global fertilizer prices similarly increased in August.

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