Food Price Monitoring and Analysis (FPMA) Bulletin #5, 15 June 2026
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FAO ;
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International wheat and maize prices increased in May 2026, as weather-related production concerns, firm global import demand and energy-driven cost pressures outweighed the downward pressure exerted by ample global supplies. International rice prices also increased, underpinned by weather concerns and rising production costs, amid continued uncertainty in energy and agricultural input markets. In domestic markets monitored by FAO, higher fuel and transport costs, reflecting the global energy price shock triggered by the conflict escalation in the Near East and closure of the Strait of Hormuz, emerged as dominant drivers of staple food price increases in April and May 2026. In some regions, concerns of the anticipated onset of the El Niño further amplified the upward pressure on domestic food prices.