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Reference Date: 20-July-2016

HIGHLIGHTS

  1. Cereal production in 2016 forecast at record level

  2. Maize exports in 2016/17 marketing year forecast at all‑time high

  3. Wheat prices remain stable during first half of July, maize prices decline moderately

Cereal production in 2016 forecast at record level

Harvesting of the 2016 maize crop concluded in May, preliminary estimates put production at a record 37.9 million tonnes. Sowing of the 2016 wheat crop is well advanced, official estimates point to a three‑year high area, despite some planting delays due to excessive moisture. Preliminary forecasts point to a 24 percent increase in wheat production from the previous year, to 14 million tonnes, well above the five‑year average. The increased sowings mainly reflect high domestic prices and strong regional export demand. Aggregate cereal production in 2016 is forecast at 61 million tonnes (paddy equivalent), a record level.

Maize exports in 2016/17 marketing year forecast at all‑time high

Reflecting this year’s bumper crops as well as competitive prices in US dollar terms, maize exports in the 2016/17 marketing year (March/February) are forecast to reach 22.5 million tonnes, a record high. The estimate of wheat exports in the current 2015/16 marketing year (December/November) has been revised up reflecting high export demand and now stands at 7.5 million tonnes.

Wheat prices remain stable during first half of July, maize prices moderately decline

Domestic prices of wheat and wheat flour were unchanged in the first half of July. However, prices remained at least 80 percent above their level of the same period last year. Prices are being supported by strong export demand.

Prices for yellow maize declined moderately from their record levels in July with the arrival of new supplies from the 2016 crops. However, they remain some 184 percent above their year‑earlier levels.









Relevant links:
From GIEWS:
 Food Price Data and Analysis Tool
 Earth Observation Indicators
 Maps
 Seasonal Indicators
 Vegetation Indicators
 Precipitation Indicators
 Graphs & Data
 NDVI & Precipitation
From FAO:
 FAO Country Profiles

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