FAO/GIEWS monthly report on food price trends
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, has been released.
Main highlights of this issue are higher international prices of wheat and rice, while at sub-regional level, a general increase in prices of rice in Asia and the new harvests in East Africa are putting downward pressure on cereal prices, which, however, remain at near-record levels.
KEY MESSAGES
- International wheat prices generally increased in June on quality concerns amid unfavourable growing conditions for the 2017 crops in some key producing countries. Export prices of maize remained generally unchanged, while rice quotations continued to increase mainly on account of strong demand.
- In East Africa, cereal prices either remain stable or declined in June with the new 2017 harvests, but remained at near-record levels in several countries. Prices increased sharply in the past several months, due to tight supplies because of drought-reduced 2016 second season crops and concerns about the overall performance of this year’s harvests following poor rains and crop pests.
- In Asia, sustained demand further underpinned domestic prices of rice in exporting countries in June. Elsewhere in the subregion, rice prices rose further and reached record highs in Bangladesh, reflecting losses incurred in the 2017 main season crop, coupled with reduced production and imports in 2016. In Sri Lanka, an anticipated reduction in the 2017 output continued to support prices of rice.
The report can be accessed through the following link:
http://www.fao.org/3/a-i7536e.pdf.