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From:
"GIEWS1 (EST)" <[log in to unmask]>
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GIEWS1 (EST)
Date:
Fri, 10 Mar 2017 15:22:40 +0000
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Dear All,

We are pleased to share the latest issue of the FPMA Bulletin<http://www.fao.org/giews/reports/fpma-bulletin/en/> FAO/GIEWS<http://www.fao.org/giews/english/index.htm> monthly report on food price trends at world, regional and country level with a focus on countries where prices of one or more basic food commodity are at abnormal high levels in main markets.

For more information and analysis visit the FPMA Website<http://www.fao.org/giews/food-prices>. Up-to-date prices for major consumed foods in 93 countries can be found in the FPMA Tool<http://www.fao.org/giews/food-prices/tool/public/index.html#/home>.



FPMA Bulletin
10 March 2017


KEY MESSAGES


§  International cereal export prices increased further in February. Wheat and maize quotations were mainly underpinned by strong demand but ample global supplies and generally favourable early prospects for 2017 crops limited the increase. International prices of rice also increased, mostly reflecting currency movements and expectations of stronger Basmati sales.

§  In East Africa, cereal prices remained at record or near-record highs in February, underpinned by the sharply-reduced 2016/17 harvests following severe dry weather. Low water and pasture availability leading to the deterioration of livestock body conditions and destocking by farmers resulted in a sharp decline in livestock prices.

§  In Nigeria, prices of staple foods, including cereals and tubers, rose sharply in January and reached record to near-record levels. The persistent depreciation of the local currency, soaring transport costs and civil insecurity more than offset the price downward effect from the 2016 above-average harvest.








[cid:image007.jpg@01D299BA.8806CEC0]<http://www.fao.org/3/a-i6952e.pdf>

[cid:image003.gif@01D299B2.7C17D210] Go to report<http://www.fao.org/3/a-i6952e.pdf>

Enquiries may be directed to:
GIEWS Food Price Monitoring and Analysis (FPMA) Team
Trade and Markets Division (EST)
Food and Agriculture Organization of the United Nations (FAO)
Viale delle Terme di Caracalla
00153 Rome, Italy
E-mail: [log in to unmask]<mailto:[log in to unmask]>






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