FAO has released an updated edition of its monthly Food Price Monitor.
Highlights of the report include:
International prices of wheat decreased for the third consecutive month but those of rice continue to increase. Maize prices declined marginally, globally.
In Eastern Africa, cereal prices are at generally high levels, with new peaks reached in several countries. Prices of milk are at record or very high levels in most countries of the region.
In Somalia, prices of domestically produced staples, sorghum and maize, showed some signs of decline in July. However, prices of maize and sorghum remained at very high levels as compared to July 2010 -- up to 150 and 200 percent higher, respectively. Similarly, while prices of milk decreased or stabilized in several markets in July they remain well above the levels of the previous year In the most affected south-eastern Somali region, milk prices in June were twice their levels of a year earlier.
In Kenya, prices of the main staple maize rose sharply in July, reaching new peaks.
In Ethiopia, prices of staple maize rose again in July in most markets. Prices of milk have surged due to the deteriorating conditions of the livestock in recent months.
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