Reference date: 05-December-2013
FOOD SECURITY SNAPSHOT
Slight increase in 2013 cereal production
Cereal imports projected to rise in the 2013/14 marketing year
Rice prices continued at low levels
The 2013 cereal production estimated to increase
Harvesting of the 2013 main first season rice and maize crops is completed. The secondary season was harvested earlier in April. The 2013 aggregate rice output, including the first and second season crop, is estimated to have increased slightly from the 2012 level to 2.6 million tonnes (1.8 million tonnes, milled basis) mainly as a result of increased plantings in response to Government price bands to sustain the rice industry.
The 2013 maize crop is also estimated slightly up from the 2012 output, at 1.1 million tonnes. This increase reflects higher yields following Government’s production incentives, including input subsidies and the distribution of improved seed varieties, in order to boost production that has remained stagnant since 2010.
Cereal imports projected to increase in the 2013/14 marketing year
Forecasts for the 2013/14 marketing year (July/June) point to an increase in cereal imports of about 4 percent. Rice imports are expected to grow by 14 percent and reach 200 000 mainly reflecting import quotas under the trade promotion agreement with the United States and additional import permits for rice sourced from Andean Community countries. Maize imports are estimated at 3.5 million tonnes in 2013/14 marketing year, about 5 percent higher than the previous year due to the sustained demand from the feed industry.
Rice prices continue at low levels
Rice prices continued to decrease in October with the arrival of the 2013 main season harvest and were about 14 percent below their levels of a year earlier reflecting higher market availabilities due to the surge in imports.