Reference Date: 18-May-2015
FOOD SECURITY SNAPSHOT
Cereal production in 2015 anticipated to increase from 2014 level
Imports of cereals forecast to increase in 2014/15 marketing year (July/June)
Prices of wheat products stable in April
Cereal production in 2015 anticipated to increase from 2014 reduced level
The 2015 winter cereals, mainly the minor wheat crop, is currently in the last stage of development and will be harvested from July, while the maize crop, accounting in average for about 77 percent of the total cereal production, is being sown. According to satellite imagery, soil moisture for planting operations and development of earlier planted crops are generally good following adequate precipitation in recent months. Assuming normal weather in the remaining of the spring season and a return to normal yields from last year’s reduced level, early forecasts for the 2015 maize crop point to an output of 344 000 tonnes, 4 percent up from last year’s level. Similarly, a good production for the 2015 wheat and barley minor crops is expected.
Imports of cereals is forecast to increase in 2014/15 marketing year (July/June)
The country covers some three-quarters of its domestic cereal consumption needs with imports, mainly wheat as local production is of low quality and mostly used for feed. About 90 percent of the wheat imports come from the Russian Federation.
Cereal imports are forecast to increase by 8 percent to 865 000 tonnes in the 2014/15 marketing year (July/June), as a result of a decrease in 2014 cereal output.
Despite the increasing import volumes, the cereal import bill has remained around the previous marketing year’s level due to lower international wheat prices.
Prices of wheat products were stable in April
Prices of wheat flour and bread were stable in April and around their levels at the same time a year earlier. By contrast, prices of potatoes declined markedly and were one-third lower than their high levels a year earlier.