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FPMA Bulletin No. 5 - June 2015

Monthly Report on Food Price Trends

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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 #4, 10 May 2017
    Monthly Report on Food Price Trends
    International 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.
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    Book (series)
    FPMA Bulletin : Monthly Report on Food Price Trends, No. 7, 10 August 2015 2015
    International prices of maize increased for the second consecutive month in July, with the negative impact of excessive rains on crops in the United States of America in the first half of the month underpinning prices. By contrast, export prices of wheat from the United States of America declined slightly with 2015 production prospects still favourable overall, while quotations from other origins strengthened slightly. In West Africa, uncertain prospects for the 2015 crops, due to delayed rains , and the depreciation of the national currencies continued to underpin cereal prices in some coastal countries. In Southern Africa, strong price gains for maize were recorded in July, particularly in Mozambique and South Africa, where prices were well above their year-earlier levels. In general, prices in the subregion are supported by a sharply reduced 2015 regional production. In Central America and the Caribbean, prices of white maize increased sharply in July and remained significantly abo ve their year-earlier levels in most countries of the subregion. Prices were underpinned by concerns about prospects for the 2015 main season harvests following dry weather associated with the El Niño phenomenon.

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