International wheat price trends were mixed in April but were still lower than wheat prices seen a year ago, according to the latest Food Price Monitoring and Analysis Bulletin released this week. The price of US hard red winter wheat fell three percent in April as a result of improved production prospects in several key producing areas. Global maize prices were up from March due to increased export demand and concerns about production in South America; however, April maize prices also remained lower than the previous year's levels.
In the latest Monthly Price Watch, released by FEWS Net on April 29, international prices of maize, wheat, rice, and soybeans were reported stable in March, and below their respective 2015 levels. The report also sees well supplied international markets for these staple foods.
The latest FAO Food Price Index, released this week, rose 1.1 points from March. This is the third consecutive month that the Index has risen, but levels remain almost 10 percent below those seen in April 2015. This latest increase was driven mainly by increased vegetable oil quotations, combined with smaller gains in cereal prices.
As the global food system becomes more integrated, urban populations grow, and incomes continue to rise around the world, the issue of food safety is drawing greater and greater attention, according to a new brief from the Global Panel on Agriculture and Food Systems for Nutrition.
Food price volatility and extreme price shocks have serious implications for politics, agriculture, climate, and food and nutrition security, according to a new book published by the Center for Development Research (ZEF) and the International Food Policy Research Institute (IFPRI), with support from the CGIAR Research Program on Policies, Institutions, and Markets (PIM).