FPMA Bulletin #3, 10 April 2015

Trade and Markets Division

FPMA Bulletin #3, 10 April 2015

Monthly report on food price trends

Year of publication 2015

Place of publication Rome, Italy ;

Pages 16 p.

Author Trade and Markets Division

Product type Book (series)

Series title FPMA Bulletin

Edition 1

Full item page

Synopsis (short abstract) International cereal prices remained under downward pressure in March. Overall, quotations were well below their year-earlier levels reflecting ample global supplies. Fluctuations in the exchange rates in March continued to influence cereal price changes in importing and exporting countries of CIS and South America. Weakening national currencies continued to push cereal prices to record levels in several countries or prevent significant price declines, while appreciating currencies put downward pressure on prices. In regional exporter South Africa, maize prices continued to increase in March, although at a slower rate, supported by an anticipated sharply reduced 2015 production. In Central America, prices of staples white maize and red beans lingered well above their year-earlier levels reflecting consecutive reduced harvests. In countries affected by the Ebola Virus Disease (EVD), Liberia, Sierra Leone and Guinea, prices of local and imported rice continued to remain mostly stable, driven by increased supplies from the 2014 harvests combined with subdued demand due to the impact of Ebola on economic activities and income.

Language English

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This bulletin is prepared by the Food Price Monitoring and Analysis (FPMA) Team in the Trade and Markets Division of FAO. It contains latest information and analysis on domestic prices of basic foods mainly in developing countries, complementing FAO analysis on international markets. It provides early warning on high food prices at country level that may negatively affect food security.
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This bulletin is prepared by the Food Price Monitoring and Analysis (FPMA) Team in the Trade and Markets Division of FAO. It contains latest information and analysis on domestic prices of basic foods mainly in developing countries, complementing FAO analysis on international markets. It provides early warning on high food prices at country level that may negatively affect food security.
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International prices of wheat and maize in May averaged lower than in the previous month and were well below their year‑earlier levels, on account of the generally positive outlook for the 2015 crops. Rice quotations moved also downwards mostly due to slow export sales. In East Africa, in Kenya, the United Republic of Tanzania and Uganda, maize prices strengthened further in May, after spiking in April, and doubled their levels of three months ago in several markets. The recent increase in pric es reflects uncertain crop prospects and strong regional export demand. In Southern Africa, prices increased in May in main producer, South Africa, despite the ongoing 2015 harvest, while declined elsewhere but at a lower-than-normal pace. Price support was provided by an anticipated sharply reduced regional output. Overall, maize prices were above their levels in May 2014.