FAO GIEWS Update-Publication: FPMA Bulletin, November 2015

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FPMA Bulletin
10 November 2015

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KEY MESSAGES

 

http://www.fao.org/giews/english/imgs/orangebox.gif International prices of maize and wheat generally increased in October. Maize prices were underpinned by further downward revisions of the 2015 production forecasts in key exporting countries, while lingering concerns about inadequate precipitation for planting of the 2016 winter wheat crop in the Black Sea Region and in the United States of America supported wheat prices. The FAO Rice price Index remained under pressure driven by declines in Aromatic and Japonica rice segments.

http://www.fao.org/giews/english/imgs/orangebox.gif In Southern Africa, prices of maize continued to increase in October, reaching levels well above those of a year earlier, particularly in South Africa and Malawi, reflecting tight market supplies due to a sharp subregional production decline this year.

http://www.fao.org/giews/english/imgs/orangebox.gif In Central America, prices of white maize decreased sharply in October with the completion of the 2015 main season harvests and imports improving supplies. Prices, however, remained above their year-earlier levels in most countries supported by the reduced first season outputs and concerns about second season harvest prospects.

http://www.fao.org/giews/english/imgs/orangebox.gif Weak national currencies continued to put upward pressure on domestic cereal prices in countries of the CIS and South America, with largest depreciations recorded in Kazakhstan and Brazil over the past few months.

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