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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. Up-to-date prices for major consumed foods in 93 countries can be found in the FPMA Tool.

 

FPMA Bulletin

12 June 2017

 

 

KEY MESSAGES

 

§  International wheat prices followed mixed trends in May, increasing in North America and the European Union due to unfavourable weather developments but down slightly in the Black Sea region and Argentina. Export prices of maize remained generally unchanged, while rice quotations were underpinned by strong demand.

 

§  In Asia, rice prices rose sharply to record highs in Bangladesh, reflecting tighter supplies due to reduced production and imports in 2016, along with floodrelated damages to the 2017 main season crop. Rice price increases were also recorded in the main exporting countries, while they remained relatively stable elsewhere.

 

§  In East Africa, cereal prices continued to rise in several countries in May, reaching record to near-record levels. Seasonal patterns were exacerbated by reduced supplies from the drought-affected 2016 second season outputs and by uncertain prospects for the upcoming 2017 harvests due to poor rains and crop pests.

 

§  In West Africa, coarse grain prices increased seasonally in May and reached levels above those a year earlier, particularly in Niger, due to localized production shortfalls last year and reduced imports. In Nigeria, the substantial depreciation of the local currency continued to underpin food prices, with further support provided by high transport costs and insecurity.

 

 

 

 

 

 

 

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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