FAO GIEWS Update-Publication: FPMA Bulletin, March 2015

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FPMA Bulletin
10 March 2015

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Key messages

 

http://www.fao.org/giews/english/imgs/orangebox.gif Export prices of wheat and maize continued to decline in February, as a result of ample world supplies and strong export competition. International rice quotations also remained under downward pressure. Cereal prices were significantly below their levels in February last year.

http://www.fao.org/giews/english/imgs/orangebox.gif The appreciation of the US dollar continued to support domestic cereal prices in February in both exporting and importing countries, notably in South America and Asian CIS.

http://www.fao.org/giews/english/imgs/orangebox.gif In South Africa, maize prices rose sharply in February reflecting a deterioration in prospects for the 2015 maize crop due to dry conditions. However, prices remained lower than their year-earlier levels.

http://www.fao.org/giews/english/imgs/orangebox.gif In Central America, prices of food staples, white maize and red beans, showed mixed trends in February but remained well-above their values of the corresponding period last year, supported by reduced subregional outputs.

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