The FAO’s monthly report on food price trends was released last week. The bulletin reports on recent food price developments over the past month at the global, regional, and country levels, with a focus on developing countries and provides early warnings for high country-level food prices that may negatively affect food security.
The latest edition of the AMIS market monitor, released on September 8, shows that the international price of wheat, maize, rice, and soybean has decreased since July. This decline has been driven by improved global crop prospects and plentiful export availabilities.
Farmers’ ability to access reliable and inclusive systems of finance is critical for agricultural growth and economic development. Proper financing enables farmers to make long-term productive investments and to overcome short-term crises.
The August FAO Food Price Index increased by 3 points (1.9 percent) from July to 165.6 points reaching a 15 month high. This increase was predominantly driven by price increases in dairy, oils and sugar, though all commodities covered except for cereals experienced an increase.
The monsoon season in Southeast Asia extends from May through September. According to a special report from the FAO's Global Information and Early Warning System (GIEWS), this year's monsoon season has seen above-average rains, along with a series of typhoons and tropical storms from June through early August.