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Global food price monitor
10 June 2014
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Key messages
 
 Wheat export prices increased slightly in May, mostly driven by deteriorating crop conditions in the United States. By contrast, maize prices declined reflecting improved global crop prospects. International rice quotations were generally stable.

 In Ukraine, prices of domestic wheat products and maize continued to rise sharply in May, reaching record levels in nominal terms. The strong devaluation of the national currency and political uncertainty have supported prices in recent months.

 In Somalia, prices of cereals have increased steeply in April and May, more than doubling their year-earlier levels in main growing areas. Prices were supported by a reduced 2013/14 secondary season output, uncertain prospects for the 2014 main season crop and insecurity in some areas.

 In Central America, prices of red beans rose by one-quarter in May and were three times higher than a year earlier in several markets. Reduced regional availabilities have supported the rise of prices since February.



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   FAO GIEWS Food Price Data and Analysis Tool
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