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FPMA Bulletin #1. 10 February 2016

Monthly Report on Food Price Trends











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    Bulletin
    FPMA Bulletin #1, 14 February 2017
    Monthly Report on Food Price Trends
    2017
    International 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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    Book (series)
    Bulletin
    FPMA Bulletin #3. 11 April 2016
    Monthly Report on Food Price Trends
    2016
    Prospects for continuing large global supplies kept international prices of wheat and maize under downward pressure in March. Export prices of rice in Asia generally firmed, but they were still down in March compared to the same period last year. In East Africa, coarse grain prices rose further in March, sustaining the already high levels, particularly in South Sudan. In Southern Africa, despite some declines in South Africa, prices remained well above their year-earlier values, reflecting tight supplies and poor 2016 production prospects. In West Africa, in Nigeria, sharp price increases continued mainly due to the depreciation of the national currency. In South America, currency weakness in several countries maintained upward pressure on cereal prices, which remained at relatively high levels, particularly in Argentina and Brazil. In Colombia, the depreciation of the national currency coupled with this year’s unfavourable production outlook pushed prices of rice to record highs in Ma rch.
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    Book (series)
    Bulletin
    FPMA Bulletin #4, 10 May 2016 2016
    International 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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