# The impact of higher agricultural commodity prices on emerging and low-income countries

> CaixaBank Research says international food prices peaked in spring 2022 and have since fallen, with wheat down over 40% and corn around 20%. Prices remain about 30% above the five-year average. Currency depreciation against the dollar has limited the pass-through to consumer prices in many emerging economies.

- Date: 2022-12-22 · published 2022-12-22T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/8470-the-impact-of-higher-agricultural-commodity-prices-on-emerging-and-low-income
- Commodities: [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lower global grain prices ease feed costs, but a strong dollar cushions the decline for importers with weak currencies. Import-dependent feed buyers in emerging markets still face high effective costs.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| RICE | 2022-12-01 | [Raw material commodity prices retreat as the global economy slows](https://feedsoft.ai/events/8184-raw-material-commodity-prices-retreat-as-the-global-economy-slows.md) | -6.2% | +0.5% |
| RICE | 2025-11-14 | [Thai rice sector in crisis as yields fall, costs rise and export prices hit 15-year low](https://feedsoft.ai/events/22034-thai-rice-sector-in-crisis-as-yields-fall-costs-rise-and-export-prices-hit-15.md) | -0.9% | -2.6% |
| RICE | 2017-03-30 | [Rise prices rise in India, Thailand on stronger currencies](https://feedsoft.ai/events/72059-rise-prices-rise-in-india-thailand-on-stronger-currencies.md) | +3.1% | -7.4% |
| RICE | 2019-03-22 | [Strong rupee pushes rice prices to seven-month high, dampening exports \| Commodity - Food & Edible Oils - Business Standard](https://feedsoft.ai/events/60167-strong-rupee-pushes-rice-prices-to-seven-month-high-dampening-exports-commodity.md) | -1.6% | -6.0% |
| RICE | 2026-02-18 | [Platts Thai 5% white rice at near one-month low; highest priced in Asia \| S&P Global](https://feedsoft.ai/events/12008-platts-thai-5-white-rice-at-near-one-month-low-highest-priced-in-asia-s-and-p.md) | -8.3% | +5.4% |

## Sources

- caixabankresearch.com: https://www.caixabankresearch.com/en/economics-markets/financial-markets/impact-higher-agricultural-commodity-prices-emerging-and-low

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.