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NewsletterFPMA Bulletin #6, 10 July 2017 2017International wheat prices generally increased in June on quality concerns amid unfavourable growing conditions for the 2017 crops in some key producing countries. Export prices of maize remained generally unchanged, while rice quotations continued to increase mainly on account of strong demand. In East Africa, cereal prices either remain stable or declined in June with the new 2017 harvests, but remained at near-record levels in several countries. Prices increased sharply in the past several m onths, due to tight supplies because of drought-reduced 2016 second season crops and concerns about the overall performance of this year’s harvests following poor rains and crop pests. In Asia, sustained demand further underpinned domestic prices of rice in exporting countries in June. Elsewhere in the subregion, rice prices rose further and reached record highs in Bangladesh, reflecting losses incurred in the 2017 main season crop, coupled with reduced production and imports in 2016. In Sri La nka, an anticipated reduction in the 2017 output continued to support prices of rice.
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DocumentFPMA Bulletin #3, 10 April 2017
Monthly Report on Food Price Trends
2017International wheat export prices followed diverging trends in March depending on the origin. The benchmark US wheat price declined after increasing in the previous two months, mainly reflecting improved weather conditions in key-growing areas. By contrast, in Argentina, prices increased because of strong demand. Maize export prices generally declined under pressure from favourable production prospects in Southern Hemisphere countries. International prices of rice remained relatively stable and were below their year-earlier levels in several leading origins. In East Africa, cereal prices continued to increase at a fast pace in March and reached record or near-record highs in most countries due to overall tight supplies and the uncertain prospects for the upcoming 2017 main harvests. High prices of cereals and low livestock prices further deteriorated the terms of trade for pastoralists, severely constraining their access to food. In Southern Africa, expectations of a strong maize produ ction rebound in 2017 contributed to push down prices in most countries. In the key subregional producer and exporter South Africa, prices of white maize fell by nearly 30 percent in March, continuing the declining trend of the previous two months and were less than half their year-earlier levels. -
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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