World: FPMA Bulletin #2, 9 March 2018

Source: Food and Agriculture Organization of the United Nations
Country: Afghanistan, Argentina, Armenia, Bangladesh, Belarus, Bolivia (Plurinational State of), Brazil, Burkina Faso, Burundi, Cambodia, Chad, Chile, China, Colombia, Dominican Republic, Ecuador, El Salvador, Ethiopia, Georgia, Ghana, Guatemala, Haiti, Honduras, India, Indonesia, Kazakhstan, Kenya, Kyrgyzstan, Madagascar, Malawi, Mali, Mexico, Mozambique, Myanmar, Nicaragua, Niger, Nigeria, Pakistan, Peru, Philippines, Russian Federation, Rwanda, Senegal, Somalia, South Africa, South Sudan, Sri Lanka, Sudan, Swaziland, Thailand, Togo, Uganda, Ukraine, United Republic of Tanzania, Uzbekistan, Viet Nam, World, Zambia, Zimbabwe

KEY MESSAGES

↗ International prices of wheat and maize increased further in February, mainly supported by weather-related concerns and currency movements. Export price quotations of rice also continued to strengthen, although the increases were capped by subsiding global demand for Indica supplies.

↗ In East Africa, in the Sudan, prices of the main staples: sorghum, millet and wheat, continued to increase in February and reached record highs, underpinned by the removal of the wheat subsidies and the strong depreciation of the Sudanese Pound.

↗ In Southern Africa, in Madagascar, prices of rice hit record highs at the start of the year, as a result of tight supplies following a sharp drop in the 2017 output to a substantially below-average level and a weaker currency.

↗ In West Africa, prices of coarse grains continued to generally increase in February and reached levels above those a year earlier despite the good harvests gathered in late 2017, due to a strong demand for stock replenishment, coupled with localized production shortfalls and insecurity in some areas.