The latest GIEWS Global Food Price Monitor, released on Monday, cites slight declines in export prices for international wheat and maize in January. The benchmark US wheat price dropped 3 percent from December, largely on lower US exports and large supplies of wheat feed on the international market. Wheat's decline was somewhat limited, however, by continued drought conditions in the US and a weakening dollar. According to the report, domestic wheat prices in both importing and exporting countries remains high.
International export prices of wheat and maize remained stable but high in November , according to the latest GIEWS Global Food Price Monitor. International rice prices were somewhat mixed but generally lower than November 2011.
The latest edition of the GIEWS Global Food Price Monitor reports that international cereals export prices remained stable in October. While wheat prices experienced some upward pressure due to trends in Australia and Ukraine, this was offset by favorable planting conditions for US winter wheat. Similarly, rice prices remained stable, falling only 1 percent from September. Maize prices also fell marginally based on slowing trade activity and progress of the US harvest.
The GIEWS Global Food Price Monitor, released today, has seen a slight decline in international maize prices from their near-record highs in August. However, the report also cites increasing global rice export prices, as well as strengthening wheat export prices. Domestic wheat prices in several regions (Asia, CIS, and South America) also rose in September, reflecting higher prices in international and regional export markets.