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Reference Date: 03-March-2014

FOOD SECURITY SNAPSHOT

  1. The 2014 wheat production lower than last year’s record but still above average

  2. Despite reduction in plantings the maize 2014 production to remain high

  3. Cereal imports to remain firm due to lower than anticipated production

  4. Prices of maize and wheat in February remained relatively low

The 2014 wheat production lower than last year’s record but still above average

Harvest of the 2014 wheat crop was concluded in February. Early official estimates put this year’s production at 1.4 million tonnes, below last year’s record level but still above than the past five years average. This estimate is lower than initially expected as a result of significant reduction in yields due to dry weather, particularly in “La Araucania” and “Bio Bio” regions, which account for more than two thirds of national production.

Despite reduction in plantings the maize 2014 production to remain high

Harvest of the 2014 maize crop is currently underway. Latest forecast have been marginally revised downward as the reduction in the area planted, in response to low prices, was higher than initially estimated. Official estimates point to a decline in area planted of about 7 percent from 2013 and to a production level of 1.4 million tonnes. At the expected level, the 2014 production would be 6 percent lower than the record crop of the previous year but still be average.

Cereal imports to remain firm due to lower than anticipated production

Initial forecast for cereal imports in the 2014/15 marketing year (April/March) point to a slight increase from the previous year mainly due to the anticipated reduction in 2014 production of wheat and maize.

Prices of maize and wheat in February remained relatively low

Prices of maize and wheat in February remained relatively stable, declining by less than 1 percent and 2 percent respectively and were well below their levels from a year earlier. This reflects ample supplies in the market from the recently completed wheat harvest and the arrival of new crop from the ongoing maize harvest.









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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