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FPMA Bulletin #9, 10 October 2016

Year of publication 2016

Pages 18 p.

Author EST/GIEWS

Product type Newsletter

Series title FPMA Bulletin

Edition 1

Synopsis (short abstract) Wheat and maize export quotations generally declined in September, remaining at multi-year lows on account of ample world supplies and expectations of bumper crops. Rice prices also declined on account of improved prospects for global supplies and weak demand for import. In Africa, food prices continued to soar in Nigeria driven by the continuous sharp depreciation of the local currency and insecurity in some areas. In South Sudan, cereal prices declined in September with the new harvest, but remained at levels well above those a year earlier. In Central America, white maize prices declined significantly in September mainly reflecting improved supplies from the main de primera season harvest, which is anticipated to rebound from last year’s drought-reduced level.

Language English

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