Dear colleagues,

 

We are pleased to share with you the latest AP Weekly Price Monitor (7 December). You can find this and previous issues here.

 

Over the past week, staple food commodity prices remained relatively stable in the majority of reporting countries, except for banana prices in Samoa, that fell by 21 percent below the prices from October to November, and were 30 and 29 percent below those prices observed three months and three years ago, respectively. Also, maize prices in Viet Nam dropped by 20 percent over the past week but were 33 percent above those observed a year earlier.

 

Under national policy highlights, Bulog, the Indonesian Bureau of Statistics, announced the annual uptake of rice at 3.6 MMT. Actual stocks reached 2.2 MMT (from which 0.3 MMT is imported rice from Vietnam) and are generally used for a rice distribution program, Raskin. According to the Vietnam Food Association (VFA), during the first 11 months of 2012, Vietnam exported  7.1 MMT of rice, 5.5 percent above the same period in 2011 and equivalent to the figure for 2011 . The USDA has revised its  paddy production estimates slightly upward mainly due to favourable weather conditions for the spring and autumn crops in the Mekong River Delta (MRD) region.

During September, in the Philippines, the typhoon Bopha, locally known as Pablo, made landfall three times as it passed through northern Mindanao, central Visayas, and Palawan on 4 December, affecting over 5 million people. The damage cost in the agriculture sector amounted PHP 10.5 million (USD 256,000) (National Disaster Risk Reduction and Management Council, 6 December 2012).

For more details, please see the full report.

 

With best regards,

AP Weekly Price Monitor team

 

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