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Dear All,

 

We are pleased to share the latest issue of the FPMA Bulletin FAO/GIEWS monthly report on food price trends at world, regional and country level with a focus on countries where prices of one or more basic food commodity are at abnormal high levels in main markets.

 

For more information and analysis visit the FPMA Website. Price data for major consumed foods in 96 countries can be found in the FPMA Tool.

 

Today’s FAO Press Release “Drought is pushing food prices up sharply in East Africa” was based on the analysis of this month’s FPMA Bulletin.

 

FPMA Bulletin

14 February 2017

 

 

KEY MESSAGES

 

§  Cereal export prices firmed in January. A drop in plantings and concerns over the impact of unfavourable weather on the 2017 winter crops in the United States of America supported wheat values, while maize prices were mostly underpinned by strong demand. International prices of rice increased, primarily reflecting stronger demand and tighter availabilities of the Basmati variety.

 

§  In East Africa, cereal prices continued to surge in January to near-record or record levels, as the output of the ongoing harvests was sharply reduced by a poor October-December rainy season. Pastoralists are reducing herd size due to lower water and pasture availability to mitigate potential losses and increase their ability to sustain the remaining animals. As a result of higher supplies of low quality animals in the market, livestock prices declined sharply.

 

§  In Southern Africa, the favourable production outlook for the 2017 crop, particularly in South Africa, the main exporter and producer of the subregion, resulted in some price declines in January. Prices, however, remain generally at relatively high levels supported by the drought-reduced outputs in 2016.

 

§  In West Africa, coarse grain prices generally declined in January and were around or below their levels a year earlier reflecting increased market supplies from the recent good 2016 harvests. However, in Nigeria, despite an above‑average output, the continuing steep depreciation of the local currency and civil insecurity kept prices well above their year‑earlier levels.

 

 

 

 

 

 

 

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 Go to report

Enquiries may be directed to:

GIEWS Food Price Monitoring and Analysis (FPMA) Team

Trade and Markets Division (EST)

Food and Agriculture Organization of the United Nations (FAO)

Viale delle Terme di Caracalla

00153 Rome, Italy

E-mail: [log in to unmask]

 



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