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Book (series)FPMA Bulletin #4, 10 May 2016 2016International prices of wheat showed mixed trends in April but remained lower than a year earlier reflecting mostly good prospects for 2016 production. By contrast, maize export quotations generally increased supported by solid export demand and concerns about 2016 production prospects in South America. In Asia, rice prices strengthened in exporting countries in April amid expectations of reduced 2015 secondary crops, due to dry weather associated with the El Niño phenomenon. In South Africa, pr ices of white maize continued to decline from the record levels of February with the ongoing harvest but were still high, underpinned by tight supplies and poor crop prospects. In Nigeria, the currency weakness triggered further increases in coarse grain prices, with those of sorghum at record highs. Steep price increases were also recorded in South Sudan. In Argentina, strong exports supported by the depreciation of the local currency and the recent elimination of export taxes underpinned price s of maize which were at record highs in April and pushed prices of wheat to double their year-earlier levels. Similarly, in Brazil, maize prices were mainly underpinned by rising exports but also sustained domestic demand from the feed industry.
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Journal, magazine, bulletinFood Price Monitoring and Analysis (FPMA) Bulletin #4, 11 May 2022
Monthly Report on Food Price Trends
2022Also available in:
No results found.International prices of coarse grains fell in April as maize harvests in Argentina and Brazil helped ease pressure on maize markets. By contrast, wheat prices edged upwards as global supply tightness persisted amidst the significantly reduced exports from Ukraine due to war-related impacts on export supply chains. For rice, strong Asian demand and weather setbacks in the Americas drove international prices up during April. In West Africa, new record high prices of coarse grains were reported in several countries, driven by a seasonal uptick in demand, lower cross‑border trade flows and higher international commodity prices. Conflicts in the Sahel and weak currencies in coastal countries added upward pressure on domestic prices. In East Africa, prices of coarse grains remained firm or increased further in April and continued to be well above their year-earlier levels across the subregion. Exceptionally high price levels continued to prevail in South Sudan and the Sudan. In Far East Asia, in Sri Lanka, prices of rice and wheat flour increased further in April to new highs mostly due to the sustained effects of precipitous currency depreciation and the below-average 2022 “Maha” crop output. In South America, prices of wheat in April remained significantly higher year on year and at record highs in some countries, owing to strong international demand in exporting countries and elevated international quotations in net-importing countries. -
Book (series)FPMA Bulletin #6, 11 July 2016 2016International wheat prices rose in June but remained below last year’s level on account of good supply prospects. Maize prices increased as a result of fast shrinking export supplies in South America and in the Black Sea region. Tight availabilities continued to lend support to rice quotations in most Asian origins, but gains were contained by subdued demand. In Africa, cereal prices rose sharply in South Sudan underpinned by high inflation and insecurity, and in Nigeria mostly due to the depre ciation of the local currency. In South Africa, domestic prices of yellow maize increased further and were nearly 50 percent higher than in June last year as a result of tight domestic availabilities and currency weakness. In South America, prices of yellow maize increased and were well above their year-earlier levels in most countries of the subregion, particularly in Argentina and Brazil, underpinned by a strong pace of exports and a 2016 reduced output, respectively.
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