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FAO-Food-Price-Forum-Pacific-Islands <[log in to unmask]>
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FAO-Food-Price-Forum-Pacific-Islands <[log in to unmask]>
Date:
Thu, 15 Nov 2012 14:37:26 +0100
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Food Price Forum is moderated by the FAO Sub-regional Office for the Pacific Islands, in collaboration with the Trade and Markets Division


Dear colleagues,



We are pleased to attach the latest AP Weekly Price Monitor (16 November). You can find this and previous issues here<http://www.fao.org/asiapacific/rap/home/asia-pacific-food-situation/asia-pacific-food-situation-weekly-update/en/>.



Over the past week, staple food commodity prices remained relatively stable in most countries except for wheat prices in Afghanistan, that increased by 5 percent.

Under national policy highlights, in the Philippines, additional funding for the Agro-Industry Modernization Credit and Financing Program (AMCFP) allocated PHP 1 billion (USD 24 million ) for 2013 to improve credit access for 98,000 small farmer and fisherfolk borrowers who have no access to banks or other sources of formal credit and are engaged in producing the priority commodities of the Department of Agriculture (DA).
Also, as regional policy highlights, initial negotiations to create a 16-nation trade partnership, the Regional Comprehensive Economic Partnership (RCEP), are expected to be formally announced at the ASEAN summit in Phnom Penh in November 2012. The RCEP will include the 10 members of the Association of Southeast Asian Nations (ASEAN) plus China, India, Japan, South Korea, Australia and New Zealand, and will have the effect of lowering trade barriers and custom duties across the region by the end of 2015 (China Briefing Daily News, 09 November 2012).
In Indonesia, major flooding hit parts of Bengkulu province that led to overflowing rivers. The damage to the irrigation network was anticipated to affect up to 40-hectares of paddy fields in the nearby villages. According to a media report, monsoon 2012 rains in Pakistan had affected 29,000 households in Sindh, Punjab and Balochistan provinces. Relief teams provided food assistance to 7,500 families in the affected provinces.

For more details, please see the full report<http://www.fao.org/fileadmin/templates/rap/files/ESP/2012-11-16_AP_Weekly_Full_report.pdf>.


With best regards,

AP Weekly Price Monitor team



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