1. Home
  2. Global

Where to watch prices

Cereals are displayed for sale in central market of Kabul, Afghan, June 2008. Due to high food prices majority of the people cannot afford regular daily meals. Manoocher Deghati/IRIN
Against a global background of steadily climbing food prices, IRIN lists a selection of websites that offer some useful insights into how, why and where food is becoming more expensive.

• UN Food and Agriculture Organization (FAO) food price index

This monthly price list consults private sector as well as government sources for prices and export orders. It is officially accepted by countries and used by governments, policy-makers, humanitarian agencies and financial institutions.

In its April edition the index showed that food prices had declined but this was a temporary dip reflecting the crises in North Africa and Japan in March, which delayed cereal purchases.

The FAO food price index includes an average of the trading prices of five essential commodities - cereals, cooking oil, dairy products, meat and sugar. The average value of the export share of each of these commodities between 2000 and 2004 forms the base for making comparisons.

The month-to-month changes in the prices of each of these commodities is shown in graphs based on detailed information on the prices of a broad range of commodities, including 11 kinds of oils, various varieties of rice and kinds of meat.

• FAO Global Food Price Monitor

If you need more details on how global cereal prices are affecting individual countries then consult the FAO Global Food Price Monitor.

Information from markets and FAO offices around the world feed into this information service, which has also created a food price tool. With a few clicks you can access the price of a particular food commodity in any country.

• The World Food Programme (WFP) Market Monitor

If you are a policy maker or a humanitarian aid worker and need to find out how food prices are affecting the purchasing power of people in 63 vulnerable countries, then consult this quarterly bulletin

The April edition, covering the first quarter of 2011, reported that in 44 of the 63 countries monitored, the overall basic food basket had increased more than 10 percent above the 5-year average.

Read more
 EASTERN AFRICA: Consumers, traders feel the burn as prices skyrocket
 UGANDA: As food prices bite, HIV-positive people turn to kitchen gardens
 VIETNAM: Struggling to cope with rising prices
 AFGHANISTAN: Government stockpiling wheat ahead of expected drought
 Biofuels make a comeback as prices rise
In 16 of the countries the cost of the food basket had increased more than 10 percent since the last quarter of 2010, and by more than 20 percent in Ghana, Somalia, Afghanistan, Georgia, and El Salvador.

The market monitor uses information collected by WFP field offices and in the April edition it also examined the impact of fuel prices on essential food commodities. It noted that the highest increases in fuel prices occurred in Ethiopia and Haiti, where fuel subsidies have been scaled back, and in Malawi and Uganda.

• World Bank Food Price Watch

The World Bank has begun producing regular food prices bulletins, using its own food price index based on information drawn from its offices across the world, the FAO food price index, and the US Department of Agriculture, which also regularly produces updates on global supplies of food commodities.

The information is detailed and often contains useful analyses not found on other websites. The current update looks at the projected impact of continued food price increases on poverty.

jk/he

This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

Share this article

Get the day’s top headlines in your inbox every morning

Starting at just $5 a month, you can become a member of The New Humanitarian and receive our premium newsletter, DAWNS Digest.

DAWNS Digest has been the trusted essential morning read for global aid and foreign policy professionals for more than 10 years.

Government, media, global governance organisations, NGOs, academics, and more subscribe to DAWNS to receive the day’s top global headlines of news and analysis in their inboxes every weekday morning.

It’s the perfect way to start your day.

Become a member of The New Humanitarian today and you’ll automatically be subscribed to DAWNS Digest – free of charge.

Become a member of The New Humanitarian

Support our journalism and become more involved in our community. Help us deliver informative, accessible, independent journalism that you can trust and provides accountability to the millions of people affected by crises worldwide.

Join