Forum global sur la sécurité alimentaire et la nutrition (Forum FSN)

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.

Main highlights of this issue are the general decline of wheat and maize prices in the international market; while at sub-regional level, the further increase in cereal prices in East Africa and in the Southern Hemisphere countries the downward pressure on maize prices exerted by overall favourable production prospects in 2017

Key Messages

• Wheat prices generally declined in April, on account of ample supplies and generally favourable outlook for the 2017 harvest. Export prices of maize remained under downward pressure, mainly reflecting expectations of bumper crops in Southern Hemisphere countries. By contrast, international rice prices increased, supported by a rebound in trade activity, especially due to accelerated sales to countries of the Near East.
• In East Africa, cereal prices rose further in April and reached record or near‑record levels in most countries. Prices were underpinned by tight supplies, following drought-reduced 2016 second season outputs, and uncertain prospects for the upcoming 2017 harvests due to drier‑than‑average conditions and armyworm infestation affecting key‑growing areas.
• In Southern Hemisphere countries, favourable maize production prospects kept domestic prices under downward pressure in April and below their year-earlier levels. In Brazil, where a bumper first season crop is being harvested, maize prices declined sharply in April and averaged some 40 percent lower than a year earlier. In South Africa, expectations of a near‑record output pushed down white maize prices for the fourth consecutive month to less than half their year-earlier levels.

The report can be accessed through the following link:

http://www.fao.org/3/a-i7230e.pdf.