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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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Journal, magazine, bulletinFPMA Bulletin #1. 10 February 2016
Monthly Report on Food Price Trends
2016Abundant supplies and strong export competition kept international grain prices low, with quotations of wheat and maize in January averaging well below their year-earlier levels. International rice prices followed mixed trends depending on the origin. In Southern Africa, maize prices increased sharply in Malawi and South Africa, and also strengthened in Zambia, reaching record highs in all three countries in January. This mostly reflects expectations of a steep reduction of the 2016 maize harves ts due to drought conditions on top of the already tight domestic market supplies. Weaker currencies in the subregion exacerbated the price increases. In South America, cereal prices remained under upward pressure in January and at high levels in several countries, mainly due to the depreciation of the national currencies. In Argentina and Brazil, domestic prices of yellow maize were at record highs, well above their values in January last year. -
Book (series)FPMA Bulletin #3. 11 April 2016
Monthly Report on Food Price Trends
2016Prospects for continuing large global supplies kept international prices of wheat and maize under downward pressure in March. Export prices of rice in Asia generally firmed, but they were still down in March compared to the same period last year. In East Africa, coarse grain prices rose further in March, sustaining the already high levels, particularly in South Sudan. In Southern Africa, despite some declines in South Africa, prices remained well above their year-earlier values, reflecting tight supplies and poor 2016 production prospects. In West Africa, in Nigeria, sharp price increases continued mainly due to the depreciation of the national currency. In South America, currency weakness in several countries maintained upward pressure on cereal prices, which remained at relatively high levels, particularly in Argentina and Brazil. In Colombia, the depreciation of the national currency coupled with this year’s unfavourable production outlook pushed prices of rice to record highs in Ma rch.
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