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FPMA Bulletin #1, 16 February 2018

Monthly Report on Food Price Trends

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    Journal, magazine, bulletin
    FPMA Bulletin #2, 9 March 2018
    Monthly Report on Food Price Trends
    International prices of wheat and maize increased further in February, mainly supported by weather-related concerns and currency movements. Export price quotations of rice also continued to strengthen, although the increases were capped by subsiding global demand for Indica supplies. In East Africa, in the Sudan, prices of the main staples: sorghum, millet and wheat, continued to increase in February and reached record highs, underpinned by the removal of the wheat subsidies and the strong depreciation of the Sudanese Pound. In Southern Africa, in Madagascar, prices of rice hit record highs at the start of the year, as a result of tight supplies following a sharp drop in the 2017 output to a substantially below­-average level and a weaker currency. In West Africa, prices of coarse grains continued to generally increase in February and reached levels above those a year earlier despite the good harvests gathered in late 2017, due to a strong demand for stock replenishment, coupled with localized production shortfalls and insecurity in some areas.
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    FPMA Bulletin #2. 10 March 2016
    Monthly Report on Food Price Trends
    International wheat prices declined in February as a result of reduced trade activity, while maize quotations were firmer on stronger demand. International prices of rice followed mixed trends depending on the origin. Overall, cereal quotations remained lower than in the corresponding period last year. In Southern Africa, maize prices continued to increase in February, although at a slower rate, and were at record highs. Prices increased also in several East African countries, reaching levels w ell above those of a year earlier, mainly supported by reduced domestic availabilities. In West Africa, coarse grain prices rose steeply in Nigeria in January. In South America, cereal prices in February increased sharply in several countries of the subregion. Most notably, prices were at record highs or well above those of a year earlier in Argentina, Brazil and Colombia mainly due to the depreciation of the national currencies.
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    GIEWS FPMA Bulletin #5, 12 June 2017 2017
    International wheat prices followed mixed trends in May, increasing in North America and the European Union due to unfavourable weather developments but down slightly in the Black Sea region and Argentina. Export prices of maize remained generally unchanged, while rice quotations were underpinned by strong demand. In Asia, rice prices rose sharply to record highs in Bangladesh, reflecting tighter supplies due to reduced production and imports in 2016, along with flood‑related damages to the 20 17 main season crop. Rice price increases were also recorded in the main exporting countries, while they remained relatively stable elsewhere. In East Africa, cereal prices continued to rise in several countries in May, reaching record to near-record levels. Seasonal patterns were exacerbated by reduced supplies from the drought-affected 2016 second season outputs and by uncertain prospects for the upcoming 2017 harvests due to poor rains and crop pests. In West Africa, coarse grain prices in creased seasonally in May and reached levels above those a year earlier, particularly in Niger, due to localized production shortfalls last year and reduced imports. In Nigeria, the substantial depreciation of the local currency continued to underpin food prices, with further support provided by high transport costs and insecurity.

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