Price Watch

September 2022 Global Price Watch

September 2022

IPC v3.1 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 v3.1 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 v3.1 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, coarse grain price trends were mixed in August, increasing seasonally in some markets in the Sahel as stocks tightened amid the peak of the lean season but increased in other markets. In Coastal countries, staple prices were stable or decreased compared to July due to the onset of local harvests and easing demand. Prices trended considerably above the previous year and five-year average, reaching record levels in Burkina Faso and Mali. Inflation in Nigeria reached a 17-year high at 20.52 percent, driven by higher food and fuel prices 

  • In East Africa, staple food prices increased across most markets in August as supply tightened amid high demand and below-average production. There were localized price decreases caused by late harvests in southern Somalia, humanitarian assistance in northern Uganda, and subsidized flour in western Kenya. Prices remained elevated because of below-average production, high inflation, and trade disruptions due to flooding and conflict. Livestock prices varied depending on the availability of feed and water. 

  • In Southern Africa, maize prices were stable in August across most markets. However, prices remained above the previous year and five-year average due to below-average production, high transportation costs, high export demand, and currency depreciations. Inflation surged across the region in August, driven by global commodity markets and dwindling foreign currency reserves. Increased transport and import costs, as well as currency depreciation, are expected to put further upward pressure on staple food prices

  • In Central America, market operation was normal, and staple food prices were stable in August as imports and carryover stocks supported stable supply through the end of the lean season. White maize availability improved as small volumes of primera harvest reached markets. In Haiti, local staple prices increased in most markets in August as below-average spring harvests and fuel shortages constrained supply. Insecurity is expected to continue to disrupt markets, and high inflation is expected to persist 

  • In Central Asia, harvest outcomes diverged in August with drought in Afghanistan and flooding in Pakistan that damaged yields, while Kazakhstan’s wheat harvest was strong. In Yemen, wheat and other food prices remained stable in Aden and Sana’a following continued currency stabilization, though prices remained well above the five-year average. 

  • International staple food markets were sufficiently supplied in August, but price trends varied by commodity. Global fuel and fertilizer prices declined, driven by softening global demand outlooks, but global maize prices increased. Prices continued to trend above the previous year and the five-year 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