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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. -
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. -
DocumentFPMA Bulletin #3, 10 April 2017
Monthly Report on Food Price Trends
2017International wheat export prices followed diverging trends in March depending on the origin. The benchmark US wheat price declined after increasing in the previous two months, mainly reflecting improved weather conditions in key-growing areas. By contrast, in Argentina, prices increased because of strong demand. Maize export prices generally declined under pressure from favourable production prospects in Southern Hemisphere countries. International prices of rice remained relatively stable and were below their year-earlier levels in several leading origins. In East Africa, cereal prices continued to increase at a fast pace in March and reached record or near-record highs in most countries due to overall tight supplies and the uncertain prospects for the upcoming 2017 main harvests. High prices of cereals and low livestock prices further deteriorated the terms of trade for pastoralists, severely constraining their access to food. In Southern Africa, expectations of a strong maize produ ction rebound in 2017 contributed to push down prices in most countries. In the key subregional producer and exporter South Africa, prices of white maize fell by nearly 30 percent in March, continuing the declining trend of the previous two months and were less than half their year-earlier levels.
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