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FoodAsia <[log in to unmask]>
Wed, 12 Feb 2014 17:33:32 +0700
Dear Readers,



We are pleased to share the seventh issue of our monthly publication, the Asia Pacific Food Price and Policy Monitor, which aims to provide up-to-date information on price and policy developments in the Asia-Pacific region.



Highlights of the February 2014 issue are:



*         The Consumer Price Index for Food in the Asia-Pacific region rose by 6.9 percent year-on-year in January, a slight decrease compared to previous months. Slowing food prices in China, India and Pakistan helped blunt the overall rate of inflation in the region.

*         In real terms, rice prices around the region rose 1.4 percent last month, but were still 0.4 percent lower than at the same time last year. Wheat prices fell by 0.3 percent compared to the previous month but were 2.2 percent higher than one year ago.

*         In Afghanistan (Kabul), prices for low-quality rice rose 19.1 percent year-on-year, while high-quality rice prices rose by 18.3 percent. To help stabilize prices, the government opened the first of several planned Strategic Grain Reserves.

*         In China, the government's first policy document of the year focused on agriculture development and food security. Key strategies for 2014 include reforming the pricing/subsidies mechanisms in place for several agricultural commodities and supporting agricultural markets development.

*         Indonesia's state-run logistics agency, Bulog, has allocated 350 000 tonnes of rice for distribution to those affected by the eruption of Mount Sinabung. Officials expect heavy damage to agriculture in the area because of volcanic ash.

*         Farmers in Thailand protested against delayed payments under the government's rice-pledging programme, while a Chinese state company cancelled a contract to import 1.2 million tonnes of Thai rice.



For further details please refer to the attachment.



The Asia Pacific Food Price and Policy Monitor and other previous publications on food price information can be found at: http://www.fao.org/asiapacific/rap/home/apfppm/en/.

For readers who may have questions on the publication, please contact us at  [log in to unmask]<mailto:[log in to unmask]>.



Best regards,



Economic, Social and Policy Assistance Group (ESP)

FAO Regional Office for Asia and the Pacific

Bangkok

Thailand


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