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Book (stand-alone)Crop Prospects and Food Situation - No. 2 June 2012 2012The outlook for world cereal production in 2012 improved further in recent weeks largely on expectation of a much bigger maize crop in the United States. World cereal production is now forecast to increase by 3.2 percent to a new record. At 2 419 million tonnes, global cereal production would exceed the anticipated utilization in 2012/13 and lead to a significant replenishment of world stocks, which could keep international prices under downward pressure. Wheat and coarse grains prices ea sed in May, mostly during the second half, driven by good supply prospects. Rice prices were supported by a temporary surge in import demand and large Government purchases in Thailand, the number one exporter of the commodity. Aggregate cereal imports of the 66 LIFDCs for 2012/13 are forecast to decrease slightly, mainly due to the generally favourable prospects for the 2012 domestic harvests. countries. In North Africa, early forecasts point to a sharp decline in cereal production in Morocco as a result of erratic and insufficient rains, while in the remaining countries of the subregion above-average harvests are expected...
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Journal, magazine, bulletinFPMA Bulletin #4, 10 May 2017
Monthly Report on Food Price Trends
2017International wheat prices generally declined in April, on account of ample supplies and generally favourable outlook for the 2017 harvest. Export prices of maize remained under downward pressure, mainly reflecting expectations of bumper crops in Southern Hemisphere countries. By contrast, international rice prices increased, supported by a rebound in trade activity, especially due to accelerated sales to countries of the Near East. In East Africa, cereal prices rose further in April and reache d record or near‑record levels in most countries. Prices were underpinned by tight supplies, following drought-reduced 2016 second season outputs, and uncertain prospects for the upcoming 2017 harvests due to drier‑than‑average conditions and armyworm infestation affecting key‑growing areas. In Southern Hemisphere countries, favourable maize production prospects kept domestic prices under downward pressure in April and below their year-earlier levels. In Brazil, where a bumper first season crop is being harvested, maize prices declined sharply in April and averaged some 40 percent lower than a year earlier. In South Africa, expectations of a near‑record output pushed down white maize prices for the fourth consecutive month to less than half their year-earlier levels. -
NewsletterFPMA Bulletin No. 10 2015International prices of maize and wheat generally increased in October. Maize prices were underpinned by further downward revisions of the 2015 production forecasts in key exporting countries, while lingering concerns about inadequate precipitation for planting of the 2016 winter wheat crop in the Black Sea Region and in the United States of America supported wheat prices. The FAO Rice price Index remained under pressure driven by declines in Aromatic and Japonica rice segments. In Southern Afr ica, prices of maize continued to increase in October, reaching levels well above those of a year earlier, particularly in South Africa and Malawi, reflecting tight market supplies due to a sharp subregional production decline this year. In Central America, prices of white maize decreased sharply in October with the completion of the 2015 main season harvests and imports improving supplies. Prices, however, remained above their year-earlier levels in most countries supported by the reduced fir st season outputs and concerns about second season harvest prospects. Weak national currencies continued to put upward pressure on domestic cereal prices in countries of the CIS and South America, with largest depreciations recorded in Kazakhstan and Brazil over the past few months.
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