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Journal, magazine, bulletinFPMA Bulletin #5, 11 June 2018
Monthly Report on Food Price Trends
2018Also available in:
No results found.International prices of wheat and maize rose further in May, mainly underpinned by weather-driven concerns over production prospects in key producing countries. International prices of rice remained firm, with upward pressure from sizeable purchases by Southeast Asian buyers largely offset by weaker currencies in key exporting countries. In East Africa, in the Sudan, prices of staple foods: millet, sorghum and wheat increased sharply in May, after faltering in the past two months and reached record highs. The recent increases reflect concerns over the performance of the 2018 harvest, which compounded upward pressure from a weak currency and the removal of wheat subsidies. In South America, prices of yellow maize and wheat continued to increase in key producers and exporters, Argentina and Brazil, reaching levels well above those in May last year and exerting upward pressure on prices in importing countries of the subregion. Prices of maize were mainly underpinned by sliding currencies and expectations of reduced outputs this year, while those of wheat were supported by seasonal pressure compounded mostly by the weaker currencies. In Central America, in Nicaragua, prices of white maize continued to increase sharply in May, with seasonal upward pressure exacerbated by higher fuel costs and ongoing social unrest. In general, prices of maize in the subregion were at levels well above those in May last year. -
Journal, magazine, bulletinFPMA Bulletin #4, 10 May 2018
Monthly report on food price trends
2018International prices of wheat and maize in April were generally higher, supported by weather concerns in key producing countries and brisk trade. International prices of rice increased in response to renewed import demand in Asia. In East Africa, in the Sudan, prices of staple foods, millet, sorghum and wheat, remained firm or increased in April and were at record or near-record highs, underpinned by a weak currency, the removal of wheat subsidies and increased transport costs. In Central America, prices of white maize increased sharply in March and April and reached levels well above those a year earlier in most countries of the subregion. Seasonal upward pressure was supported by higher purchasing prices from the milling industry, trends in the international market and increased fuel costs. In South America, prices of yellow maize and wheat continued to increase in Argentina, underpinned by strong demand and forecasts of lower crops this year. Prices of maize rose sharply also in Brazil, due to large exports and expectations of a decline in the 2018 harvests; those of wheat increased following the sharply reduced production last year and costlier imports. -
Journal, magazine, bulletinFPMA Bulletin #2, 9 March 2018
Monthly Report on Food Price Trends
2018International prices of wheat and maize increased further in February, mainly supported by weather-related concerns and currency movements. Export price quotations of rice also continued to strengthen, although the increases were capped by subsiding global demand for Indica supplies. In East Africa, in the Sudan, prices of the main staples: sorghum, millet and wheat, continued to increase in February and reached record highs, underpinned by the removal of the wheat subsidies and the strong depreciation of the Sudanese Pound. In Southern Africa, in Madagascar, prices of rice hit record highs at the start of the year, as a result of tight supplies following a sharp drop in the 2017 output to a substantially below-average level and a weaker currency. In West Africa, prices of coarse grains continued to generally increase in February and reached levels above those a year earlier despite the good harvests gathered in late 2017, due to a strong demand for stock replenishment, coupled with localized production shortfalls and insecurity in some areas.
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