Fri, 11 Apr 2014 17:03:36 +0700
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Dear Readers,
We are pleased to share the ninth 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 April 2014 issue are:
* Food price inflation in the region increased to 4.5 percent in March from 4 percent in February but still weaker than general inflation, which slowed to 5.7 percent.
* FAO estimates China's 2013 aggregate cereal production was 547.4 million tonnes in 2013, 1.4 percent higher than the 2012 record crop, even with a 1 percent smaller rice harvest.
* In Indonesia, the price of medium rice has increased by 11.2 percent year-on-year despite record paddy production of 71 million tonnes in 2013.
* India will allocate US$ 221 million in aid to farmers in Maharashtra and Madhya Pradesh where heavy rains and hailstorms damaged 3 million hectares of crops.
* Viet Nam cut its minimum export price for rice by 3 percent to US$ 355 per tonne to increase its competitiveness with falling prices for Thai rice.
* Several provinces in Pakistan are facing the worst drought since 1998. About 1 million tonnes of wheat may be lost this year along with significant losses to cattle and sheep breeders.
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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