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Country Briefs

  Chile

Reference Date: 21-June-2017

FOOD SECURITY SNAPSHOT

  1. Cereal production for 2017 anticipated at its lowest level in ten years

  2. Cereal imports in 2017/18 marketing year expected to increase from last year

  3. Maize and wheat prices follow mixed trends in May

Cereal production for 2017 anticipated at its lowest level in ten years

The harvest of the main cereals, wheat and maize, concluded during the first quarter of 2017. Early estimates point to a significant decline in production following farmers’ decision to reduce sowings as a consequence of the prevailing low prices due to abundant supplies at the national and regional level. Cereal output in 2017 is anticipated at about 3 million tonnes, some 18 percent below last year’s high level, its lowest in a decade. The sharpest decline occurred in wheat output, which declined by almost one-third from the previous year.

Cereal imports in 2017/18 marketing year expected to increase from last year

Cereal imports for the 2017/18 marketing year (April/March) are forecast to increase some 12 percent from last year’s high level and reach 2.8 million tonnes. The increase mainly reflects higher maize and wheat imports following this year’s reduced crops and high local demand.

Maize and wheat prices follow mixed trends in May

Maize prices increased slightly in May, after declining in the past two months, and were moderately above their year earlier levels as an expected decline in production provided support. By contrast, wheat prices declined moderately in May and were significantly below year-earlier levels, as increased imports pressured prices downward.