Food Price Monitoring and Analysis (FPMA) Bulletin #6, 10 July 2015

Year of publication2015

AuthorFAO

PublisherFAO

AbstractExport prices of wheat and maize mostly increased in June on concerns about the impact on crops of unfavourable weather during the month in major producing countries. By contrast, international prices of rice weakened further, mainly because of weak import demand. In general, cereal prices in June remained well below their year‑earlier levels, reflecting the overall continuing positive outlook for this year’s production. In East Africa, maize prices in Kenya, the United Republic of Tanzania and Uganda declined in June, after sharp increases in the previous months, as a result of recent imports and the ongoing 2015 harvests, which are, however, expected at below‑average levels. In Southern Africa, maize price increases persisted in June in the main producer, South Africa, as markets continued to respond to the tighter supply outlook in the marketing year 2015/16, following the sharply‑reduced maize production this year. Elsewhere in the subregion, prices decreased seasonally, reflecting new supplies from the nearly‑completed 2015 harvests. In West Africa, strong increases in cereal prices were recorded in coastal countries in recent months, reflecting uncertain prospects for the 2015 first season crops, due to delayed rains, as well as depreciation of the national currencies. In Central America and the Caribbean, prices of maize generally increased in June and remained significantly above their year-earlier level. Prices of beans strengthened in most countries and in the Dominican Republic reached record levels, underpinned by a reduced 2014 harvest and low imports.

 

Product typeJournal; magazine; bulletin

SeriesFood Price Monitoring and Analysis (FPMA)

RegionGlobal

ISSN2707-1952

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.