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FPMA Bulletin #8, 11 September 2017

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    GIEWS FPMA Bulletin #5, 12 June 2017 2017
    International wheat prices followed mixed trends in May, increasing in North America and the European Union due to unfavourable weather developments but down slightly in the Black Sea region and Argentina. Export prices of maize remained generally unchanged, while rice quotations were underpinned by strong demand. In Asia, rice prices rose sharply to record highs in Bangladesh, reflecting tighter supplies due to reduced production and imports in 2016, along with flood‑related damages to the 20 17 main season crop. Rice price increases were also recorded in the main exporting countries, while they remained relatively stable elsewhere. In East Africa, cereal prices continued to rise in several countries in May, reaching record to near-record levels. Seasonal patterns were exacerbated by reduced supplies from the drought-affected 2016 second season outputs and by uncertain prospects for the upcoming 2017 harvests due to poor rains and crop pests. In West Africa, coarse grain prices in creased seasonally in May and reached levels above those a year earlier, particularly in Niger, due to localized production shortfalls last year and reduced imports. In Nigeria, the substantial depreciation of the local currency continued to underpin food prices, with further support provided by high transport costs and insecurity.
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    Journal, magazine, bulletin
    FPMA Bulletin #10, 10 November 2017
    Monthly Report on Food Price Trends
    The benchmark US wheat price declined in October mostly because of higher supply prospects while maize quotations firmed due to rain-induced harvest delays. International rice prices strengthened in October, mainly reflecting seasonally tight Japonica and fragrant supplies. In East and West Africa, cereal prices declined in October with the 2017 ongoing or recently-started harvests. However, concerns over crop outputs and civil insecurity kept prices at high levels in some countries, particular ly in Ethiopia, Nigeria and South Sudan. In Central America, heavy rains in October led to unseasonal increases in maize and bean prices. They remained, however, at levels well below those a year earlier as a result of adequate domestic supplies, following the overall good outputs in 2016 and the 2017 first season harvests.
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    FPMA Bulletin #7, 10 August 2017 2017
    International prices of wheat rose further in July on quality concerns, particularly for higher protein wheat, although upward pressure was limited by prospects of ample global supplies. Export prices of maize remained generally unchanged, while a slowdown in demand capped gains in rice quotations. In East Africa, prices of cereals in most countries declined significantly for the second consecutive month in July with the new harvests, but remained generally higher than a year earlier. However, i n Ethiopia, prices of maize surged further and reached record levels, underpinned by uncertain prospects for the 2017 crops. In the CIS, prices of staple potatoes declined sharply from the record or near-record highs of June in most countries of the subregion with the beginning of the new harvest. Prices, however, remained higher than in July last year after the sharp increases of the past months.

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