The AP Food Price and Policy Monitor is a monthly report tasked to monitor food prices in local markets and provide readers with up to date food/agricultural policy developments across the Asia Pacific region.
In the April 2014 issue, the AP Food Price and Policy Monitor identified following highlights:
- Food price inflation in the region increased to 4.5 percent in March from 4 percent in February but still weaker than general inflation, which slowed to 5.7 percent.
- FAO estimates China’s 2013 aggregate cereal production was 547.4 million tonnes in 2013, 1.4 percent higher than the 2012 record crop, even with a 1 percent smaller rice harvest.
- In Indonesia, the price of medium rice has increased by 11.2 percent year-on-year despite record paddy production of 71 million tonnes in 2013.
- India will allocate US$ 221 million in aid to farmers in Maharashtra and Madhya Pradesh where heavy rains and hailstorms damaged 3 million hectares of crops.
- Viet Nam cut its minimum export price for rice by 3 percent to US$ 355 per tonne to increase its competitiveness with falling prices for Thai rice.
- Several provinces in Pakistan are facing the worst drought since 1998. About 1 million tonnes of wheat may be lost this year along with significant losses to cattle and sheep breeders.