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 August 2014 issue, the AP Food Price and Policy Monitor identified following highlights:
- Regional inflation moderated to 5.3 percent in July, down from 5.9 percent in June, as food price inflation fell to 4 percent from 4.8 percent
- The FAO cereals price index fell by 5.5 percent in July compared to June, reflecting a 9.2 percent and a 5.8 percent decline in maize and wheat prices.
- Fruit and vegetable prices rose sharply in South Asia as heavy rains in the region and plant disease outbreaks in India affected major producing areas.
- Indonesia’s rice imports are forecast to increase sharply in 2014 in line with a deteriorating production outlook.
- China has agreed to buy 100 000 tonnes of rice from Cambodia, up from the 28 300 tonnes imported in 2013.
- India has allocated INR 1.15 trillion (US$ 19.1 billion) for food subsidies in its 2014/15 budget to ensure cereals price subsidies to vulnerable population under the National Food Security Act.