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DocumentFPMA Bulletin #1, 14 February 2017
Monthly Report on Food Price Trends
2017International wheat prices showed mixed trends in November but remained below their year-earlier levels on account of ample global supplies. Those of maize were relatively stable with the downward pressure from expectations of bumper crops offset by strong import demand. New-crop arrivals and sluggish demand kept quotations of rice generally under pressure. In East Africa, cereal prices increased in most countries and were at levels well above those a year earlier due to localized production sho rtfalls and uncertain prospects for current crops in some areas. In South Sudan, the further sharp depreciation of the local currency underpinned staple food prices, which increased in November after some declines in the past months. In West Africa, adequate supplies from the good 2016 harvests and carryover stocks from last year’s production led to further price declines in most countries of the subregion. In Nigeria, however, the weak local currency and persisting civil insecurity limited the decline and kept prices at record or near-record highs. -
NewsletterFPMA Bulletin #2, 10 March 2017 2017International cereal export prices increased further in February. Wheat and maize quotations were mainly underpinned by strong demand but ample global supplies and generally favourable early prospects for 2017 crops limited the increase. International prices of rice also increased, mostly reflecting currency movements and expectations of stronger Basmati sales.
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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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