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Nicaragua PDF version    Email this article Print this article Subscribe FAO GIEWS RSS  Share this article  

Reference Date: 16-January-2015

FOOD SECURITY SNAPSHOT

  1. Drought sharply reduces cereal production in 2014

  2. Cereal imports are expected to increase in marketing year 2014/15

  3. Prices of red beans remain high despite sharp decline in December, maize prices also at high levels

Drought sharply reduces cereal production in 2014

The 2014 cereal season is concluded. Severe drought conditions during the main “de primera” (May/August) season significantly reduced yields or caused total losses to maize and rice crops. While plantings for maize increased during the second and third seasons, earlier production losses were not recovered. Preliminary official estimates point to an 18 percent reduction in 2014 cereal production compared to the previous year. The 2014 bean production is anticipated at 184 000 tonnes or 20 percent below last year’s level, which still meets the country’s consumption needs of 124 000 tonnes.

Cereal imports are expected to increase in marketing year 2014/15

Reflecting the drought-reduced harvest of 2014, cereal imports in the 2014/15 marketing year (July/June) are forecast to increase by11 percent to 490 000 tonnes, their highest level in ten years. The increase mainly reflects higher imports of maize and rice which are projected 14 percent and 12 percent, respectively, up from last year’s level.

Prices of red beans remain high despite sharp decline in December, maize prices also at high levels

Wholesale prices of red beans, an important component of the local diet, declined sharply in December, with the good 2014 second season harvest, representing some 40 percent of annual production. Favourable prospects for the third season harvest, to begin from late January, also weighed on prices. Despite the recent sharp decline, prices of red beans remained more than double their levels of a year earlier, as the new crop has not fully entered into the markets.

White maize prices declined almost 3 percent in December 2014, reflecting the good harvest of the second “de postrera” season. However, prices were still 22 percent above their year-earlier levels as a result of the drought-reduced main 2014 first season 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
 Crop and Food Security Assessment Mission (CFSAM) Reports & Special Alerts: 1999
From FAO:
 FAO Country Profiles

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