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Global food price monitor
8 August 2014
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 International prices of wheat and maize continued to decrease markedly in July reflecting the positive supply outlook for 2014/15, while those of rice rose further.

 In Southern Africa, maize prices continued to decline or stabilized, following strong seasonal decreases in previous months with the good 2014 maize outputs.

 In Western Africa, coarse grains prices remained generally stable, although those of millet strengthened further. Overall, prices were below their year-earlier levels reflecting adequate market supplies.

 In Eastern Africa, coarse grains prices declined in some countries in July as new harvests, or increased imports, improved market supplies. However, prices remained at high levels in the Sudan and in Somalia reflecting reduced harvests and unfavourable crop prospects.

 In Asia, domestic rice prices were mostly unchanged, although they increased in Viet Nam and Thailand, supported by export demand and suspension of sales from public stocks. Wheat prices weakened or remained stable after declining in the past month with the recent harvests.

 In CIS, wheat flour prices declined in exporting countries with the 2014 harvests; however, in importers they remained at the previous month’s level. Prices of potatoes continued to decline sharply with the new harvests.

 In Central America, maize prices increased seasonally in July but remained relatively low, except in El Salvador, where they were supported by deteriorating crop prospects. Bean prices continued to escalate and were at record levels due to a reduced 2013 regional production.

 In South America, cereal prices remained stable or declined in July but those of wheat remained generally higher than a year earlier.

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