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DocumentFPMA Bulletin #11, 9 December 2016
Monthly Report on Food Price Trends
2016International wheat prices showed mixed trends in November but remained below their year-earlier levels on account of ample global supplies. Those of maize were relatively stable with the downward pressure from expectations of bumper crops offset by strong import demand. New-crop arrivals and sluggish demand kept quotations of rice generally under pressure. In East Africa, cereal prices increased in most countries and were at levels well above those a year earlier due to localized production sho rtfalls and uncertain prospects for current crops in some areas. In South Sudan, the further sharp depreciation of the local currency underpinned staple food prices, which increased in November after some declines in the past months. In West Africa, adequate supplies from the good 2016 harvests and carryover stocks from last year’s production led to further price declines in most countries of the subregion. In Nigeria, however, the weak local currency and persisting civil insecurity limited the decline and kept prices at record or near-record highs. -
NewsletterFPMA Bulletin #8, 9 September 2016 2016Ample supplies and improved production prospects kept cereal prices generally under downward pressure. Maize and rice quotations fell the most, while high quality wheat prices firmed on strong demand. In Africa, food prices in South Sudan declined in August although they remained high, while in Nigeria the weak currency continued to underpin prices. In Southern Africa, decreasing maize quotations in South Africa eased prices in importing countries. In Asia, domestic prices of rice weakened i n the main exporting countries in August, particularly in Thailand, amid mostly favourable prospects for the 2016 paddy crops and overall sluggish export demand. In South America, domestic prices of yellow maize in Argentina fell significantly from their record highs as a result of ample supplies from the recently-completed 2016 harvest, while they generally increased elsewhere due to an anticipated decline in this year’s outputs.
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DocumentFPMA Bulletin #1, 14 February 2017
Monthly Report on Food Price Trends
2017International wheat prices showed mixed trends in November but remained below their year-earlier levels on account of ample global supplies. Those of maize were relatively stable with the downward pressure from expectations of bumper crops offset by strong import demand. New-crop arrivals and sluggish demand kept quotations of rice generally under pressure. In East Africa, cereal prices increased in most countries and were at levels well above those a year earlier due to localized production sho rtfalls and uncertain prospects for current crops in some areas. In South Sudan, the further sharp depreciation of the local currency underpinned staple food prices, which increased in November after some declines in the past months. In West Africa, adequate supplies from the good 2016 harvests and carryover stocks from last year’s production led to further price declines in most countries of the subregion. In Nigeria, however, the weak local currency and persisting civil insecurity limited the decline and kept prices at record or near-record highs.
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