Food Price Monitoring and Analysis (FPMA) Bulletin #4, 10 May 2018

Year of publication2018

AuthorFAO

PublisherFAO

AbstractInternational 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.

 

Product typeJournal; magazine; bulletin

SeriesFood Price Monitoring and Analysis (FPMA)

RegionGlobal

ISSN2707-1960

Areas of workGlobal Information and Early Warning System