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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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Journal, magazine, bulletinFPMA Bulletin #5, 9 June 2016
Monthly Report on Food Price Trends
2016International prices of wheat showed mixed trends in April, but remained lower than a year earlier mostly reflecting 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 increased 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, pri ces of white maize continued to decline from the record levels of February with the ongoing harvest but were still high year‑on‑year, underpinned by tight supplies and poor crop prospects. In Nigeria, the currency weakness triggered further increases in domestic 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 weak local currency and the recent elimination of export taxes, underpinn ed prices 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. -
NewsletterFPMA Bulletin #10, 10 November 2016 2016
International wheat and maize prices increased slightly in October, underpinned by strong import demand. However, ample global supplies and expectations of bumper crops kept average prices below their year-earlier levels. By contrast, quotations of rice continued to decline, as a result of new crop harvest and weak import demand.
In Central America and the Caribbean, maize and bean prices continued to decline significantly with the new harvest, particularly in Honduras and Nicaragua, while they spiked in the southwestern areas of Haiti, the worst hit by Hurricane Matthew.
In Africa, coarse grain prices continued to decline in South Sudan, while in Nigeria the start of early harvest contained the increasing trend of the past several months. Prices in these countries were still, however, two to three times higher than the corresponding month last year. Prices remained at high levels also in several importing countries of Southern Africa on account of overall tight reg ional supplies.
In Asia, rice prices declined or remained stable in most countries, while they continued to increase sharply and reached record highs in Bangladesh, underpinned by tight market availability.
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