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Reference Date: 25-October-2013


  1. Cereal production to increase further in 2013

  2. Cereal imports forecast higher for the 2013/14 marketing year

  3. Food inflation continues to increase

Cereal production to increase further in 2013

Harvesting of the 2013 winter main maize season and the secondary rice season is well advanced. The aggregate 2013 maize production (winter and summer cropping seasons) is forecast to increase 4 percent from last year to about 2.5 million tonnes. The rise in production reflects larger sowings and higher yields due to government support through the provision and financing of agricultural inputs.

The 2013 rice production is expected to rise to about 1 million tonnes, 11 percent up on the previous year’s level as a result of an increase of almost 14 percent in total planted area over the main summer and secondary winter seasons, especially in the main producing states of Portuguesa and Barinas.

Cereal imports forecast higher for the 2013/14 marketing year

Early forecasts for the 2013/14 marketing year (July/June) point to an increase of 9 percent in cereal imports, mainly reflecting sustained demand for both maize and wheat. By contrast, rice imports are tentatively forecast to decrease by some 13 percent from the previous year as a result of this year’s good production.

Food inflation continues to rise

Driven by the high demand for food, food inflation continued to increase in August reaching almost 3 percent. However, the year-on-year food inflation rate reached 63 percent.

Relevant links:
 Main Food-related Policy Measures (From 1 Jan 2008 to 11 Oct 2011)
From FAO:
 FAO Country Profiles

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