FAO GIEWS Update-Publication: FPMA Bulletin, March 2016

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FPMA Bulletin
10 March 2016

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KEY MESSAGES

 

http://www.fao.org/giews/english/imgs/orangebox.gif International wheat prices declined in February as a result of reduced trade activity, while maize quotations were firmer on stronger demand. International prices of rice followed mixed trends depending on the origin. Overall, cereal quotations remained lower than in the corresponding period last year.

http://www.fao.org/giews/english/imgs/orangebox.gif In Southern Africa, maize prices continued to increase in February, although at a slower rate, and were at record highs. Prices increased also in several East African countries, reaching levels well above those of a year earlier, mainly supported by reduced domestic availabilities. In West Africa, coarse grain prices rose steeply in Nigeria in January.

http://www.fao.org/giews/english/imgs/orangebox.gif In South America, cereal prices in February increased sharply in several countries of the subregion. Most notably, prices were at record highs or well above those of a year earlier in Argentina, Brazil and Colombia mainly due to the depreciation of the national currencies.

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