Food Price Monitoring and Analysis (FPMA) Bulletin # 3, 10 April 2020

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dc.creatorFAO
dc.date2023-04-27T13:20:43Z
dc.date2023-04-27T13:20:43Z
dc.date2020
dc.date2022-07-20T12:35:40.0000000Z
dc.date.accessioned2026-06-27T20:24:44Z
dc.descriptionExport prices of wheat and maize averaged lower in March than in February despite brisk trade activity amid worries over the COVID-19 pandemic as large global supplies and favourable production prospects continued to dominate market sentiment. By contrast, concerns over the pandemic and news of Viet Nam temporarily halting new export contracts, kept international prices of rice on the rise. An upsurge in food demand and disruptions to supply chains triggered by the COVID-19 pandemic underpinned food price increases in several countries in the second half of March. To counter over-pricing and ensure domestic availabilities during the pandemic, governments are adopting a variety of policy interventions. In Mexico and South Africa, prices of white maize rose significantly in March amid sharp currency depreciations largely driven by expectations of a COVID-19-induced economic downturn. In the Sudan, prices of staple foods soared to record highs in March following a further devaluation of the country’s currency as a result of acute foreign exchange shortages and a widening gap between the official and parallel exchange rates. Fuel shortages and a below‑average 2019 cereal output, coupled with high production and transportation costs, continued to exert an upward pressure on prices.
dc.format20 p.
dc.formatapplication/pdf
dc.identifier2707-1960
dc.identifier2707-1952
dc.identifierhttps://openknowledge.fao.org/handle/20.500.14283/ca8611en
dc.identifierhttp://www.fao.org/3/ca8611en/ca8611en.pdf
dc.identifier.urihttp://hdl.handle.net/123456789/193556
dc.languageEnglish
dc.publisherFAO ;
dc.relationFPMA Bulletin
dc.relationmrt/20
dc.rightsFAO
dc.rightsCC BY NC SA 3.0 IGO
dc.titleFood Price Monitoring and Analysis (FPMA) Bulletin # 3, 10 April 2020
dc.titleMonthly Report on Food Price Trends
dc.typeJournal, magazine, bulletin

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