FAO – Monthly Report on Food Price Trends, Feb 2025

The report by FAO "Monthly Report on Food Price Trends" explores the global movements in food prices for January 2025 with a focus on maize, wheat, and rice. In January 2025, global maize prices increased due to unfavorable planting conditions in Argentina and Brazil, coupled with tight supplies in major exporting countries. Wheat prices saw a marginal decline, affected by weak import demand despite limited export availability, particularly from the Russian Federation. Conversely, international rice prices decreased due to ample exportable supplies and heightened competition. FAO's analysis also highlights persistently high year-on-year food prices in many countries, although month-to-month declines were observed in areas with recent harvests. In Myanmar and the Philippines, rice prices remained near-record levels due to unfavorable harvest prospects and high input costs. In East and West Africa, ongoing conflicts and economic challenges kept staple prices elevated, while Southern Africa faced record-high white maize prices due to tight domestic supply conditions.