Over the past 10 months, world prices of most grains and oilseeds have fallen back to levels prior to the war in Ukraine. Likewise, volatility in prices has also declined considerably from recent highs. With the extension of the Black Sea Grain Initiative, there is hope that the world is recovering from the price shocks of the past year. Yet, while prices have fallen in international markets, they have frequently remained high at local level, particularly in net food importing developping countries reflecting the weakening of their currencies against the US dollar. As a result, food price inflation is still a serious concern in many countries, also because post-farm gate costs for shipping and processing remain subject to inflationary pressures.
Year of publication | |
Publisher | AMIS |
Geographic coverage | Global |
Originally published | 14 Apr 2023 |
Related organisation(s) | FAO - Food and Agriculture Organization of the United NationsIFPRI - International Food Policy Research InstituteOECD - Organisation for Economic Co-operation and DevelopmentWFP - World Food ProgrammeWorld BankIGC - Intergovernmental Consultations on Migration, Asylum and RefugeesIFAD - International Fund for Agricultural DevelopmentWTO - World Trade Organisation |
Knowledge service | Metadata | Global Food and Nutrition Security | Food security and food crises | Early warning systemAccess to foodFood price crisisFood supply chain |
Digital Europa Thesaurus (DET) | war in Ukraineagricultural marketprice of agricultural producecerealsfertiliseragricultural trade |