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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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BulletinFPMA Bulletin #8, 9 September 2016 2016Ample supplies and improved production prospects kept cereal prices generally under downward pressure. Maize and rice quotations fell the most, while high quality wheat prices firmed on strong demand. In Africa, food prices in South Sudan declined in August although they remained high, while in Nigeria the weak currency continued to underpin prices. In Southern Africa, decreasing maize quotations in South Africa eased prices in importing countries. In Asia, domestic prices of rice weakened i n the main exporting countries in August, particularly in Thailand, amid mostly favourable prospects for the 2016 paddy crops and overall sluggish export demand. In South America, domestic prices of yellow maize in Argentina fell significantly from their record highs as a result of ample supplies from the recently-completed 2016 harvest, while they generally increased elsewhere due to an anticipated decline in this year’s outputs.
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BulletinFPMA Bulletin #3, 10 April 2017
Monthly Report on Food Price Trends
2017International wheat export prices followed diverging trends in March depending on the origin. The benchmark US wheat price declined after increasing in the previous two months, mainly reflecting improved weather conditions in key-growing areas. By contrast, in Argentina, prices increased because of strong demand. Maize export prices generally declined under pressure from favourable production prospects in Southern Hemisphere countries. International prices of rice remained relatively stable and were below their year-earlier levels in several leading origins. In East Africa, cereal prices continued to increase at a fast pace in March and reached record or near-record highs in most countries due to overall tight supplies and the uncertain prospects for the upcoming 2017 main harvests. High prices of cereals and low livestock prices further deteriorated the terms of trade for pastoralists, severely constraining their access to food. In Southern Africa, expectations of a strong maize produ ction rebound in 2017 contributed to push down prices in most countries. In the key subregional producer and exporter South Africa, prices of white maize fell by nearly 30 percent in March, continuing the declining trend of the previous two months and were less than half their year-earlier levels.
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