High Corn Prices Threaten Food Security

The FAO has warned that the increases in corn prices may affect food security in Central America and Mexico.

Wednesday, August 3, 2011

Grain prices in the region have soared over the last year. Between June 2010 and June 2011, the wholesale price of white maize increased by 56% in Guatemala, 112% in El Salvador and 65% in Mexico.

These increases have had a strong impact on the staple foods: The average food inflation in the region was between 7% and 8% between April and June.

An article in Laprensagrafica.com notes: "The figure contrasts with the heterogeneity, in Nicaragua in June food inflation rose 1% above its April level. In Costa Rica and Panama it fell by 1% during the same period.

Maize has the most delicate balance between supply and demand of all the cereals, with inventories that tend to get reduced. The rise in international corn prices is reflected in the wholesale and retail price of white maize in Central America and Mexico. "



More on this topic

Corn in El Salvador: Production and Import

April 2013

Between 2011 and 2012 El Salvador spent $160 million on the purchase of white maize, despite having the best performance per hectare of grain in the region.  

Even though in the last nine years El Salvador has recorded the highest average agricultural yield, data provided by the Economic Integration System (SIECA) reveals that in 2012, the country imported 83,231 tonnes of white maize.

Further Increase in Global Food Prices

August 2012

In July, world food prices rose by 10% compared to the previous month, with the most noteworthy being corn and soybeans which reached record levels.

A statement from the World Bank reads:
Severe droughts raises food prices and threatens the welfare of the poor

Washington, August 30, 2012.

Sharp Rise in Prices of Corn, Wheat and Soybeans

July 2012

The prices of products derived from these grains have gone up, with supply having been severely affected by the worst drought in the U.S. in the last 25 years.

An article in Nacion.com reports on the rapid changes that the international price of soybeans, corn and wheat have suffered in the last month:

Global Food Prices Continue to Rise

November 2010

FAO anticipates that recent rise in food commodity prices will continue and that future consumers will pay more for their food.

In its "Food Outlook", November 2010, the World Food Organization points out that its price index rose 34 points (+20%) between June and October, near the historical record of June 2008.

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