Food Price Monitoring and Analysis (FPMA) Bulletin #11, 9 December 2016

Year of publication2016

AuthorFAO

PublisherFAO

AbstractInternational 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 shortfalls 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.

 

Product typeJournal; magazine; bulletin

SeriesFood Price Monitoring and Analysis (FPMA)

RegionGlobal

ISSN2707-1960

Areas of workGlobal Information and Early Warning System

KeywordsFood prices; market prices; prices; retail prices; wholesale prices; early warning systems; world; cereals; maize; wheat; millets; rice.