Global Price Watch: September 2021 Price (October 29, 2021) – Worldwide

  • In West Africa, basic food availability increased with the onset of the 2021/2022 rainfed harvest season. However, supply remained below the five-year average in much of the region. Despite a seasonal decline as households began to consume their own production, market demand remained above average due to increased restocking and below average trade flows. Although prices fell from the previous month, staple food prices remained above the five-year average, especially in Nigeria. Conflict-related market disruptions persisted in parts of Mali, Burkina Faso, Niger, Nigeria, Chad and Cameroon (page 3).

  • In East Africa, prices continued seasonal but divergent trends. Maize prices were stable or falling in Kenya, South Sudan and Ethiopia due to ongoing or imminent harvests. In Uganda, Tanzania and Somalia, maize prices have remained stable thanks to sufficient supplies from recent harvests from May to August. Sorghum prices have increased seasonally in Somalia and Uganda as stocks tightened, while prices have declined in South Sudan and Sudan as sales increased before the harvest from October to December. Livestock prices have increased in most pastoral markets due to good rangeland conditions and high demand. High inflation and expectations of below-average harvests have supported high prices in Kenya, Uganda, Somalia, Ethiopia, South Sudan and Sudan (page 4).

  • In South Africa, markets and the milling sector are well supplied with maize following above-average production during the 2020/21 production year, except in Madagascar where the supply was below average. Price trends followed stable or increasing seasonal trends in September. Prices remained the lowest in Malawi and South Africa. South Africa continued to export yellow maize to international markets and white maize to regional markets. While firm international commodity prices supported regional export earnings, many regional currencies continued to depreciate (page 5).

  • In central America, the markets were well supplied and functioned normally. Maize prices have fallen following the primera harvests in Guatemala and have increased seasonally elsewhere in the region. Prices for local beans have remained stable except in El Salvador where prices have increased. Prices of imported rice were also stable. In Haiti, the local prices of corn and black beans have fallen following the spring harvests. Prices of imported rice remained stable while other imported commodities continued to experience depreciation-induced price increases. Insecurity has disrupted commercial activities and fuel distribution in Port-au-Prince (page 6).

  • In Central Asia, wheat price trends have varied. Wheat prices in Kazakhstan and Pakistan followed trends in the international benchmark market, increasing further in September. After increasing in July and September, prices remained stable in many Afghan markets. In Yemen, prices remained above average due to a protracted conflict and continued depreciation of the YER. Price trends differed considerably between areas controlled by the internationally recognized government (IRG) and authorities based in Sana’a (SBA) (page 7).

  • International staple food markets are well supplied. Rice and maize prices have fallen since the start of the year, while wheat prices have continued to rise at high levels (Figure 2). Global crude oil and fertilizer prices and transportation costs are currently at the highest levels of the past five years (page 2).

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