FEWS Net Sees Stable Grain Prices

The latest FEWS Net Monthly Price Watch was released last week, citing generally stable international staple grain prices.

Large carry-over stocks of Thai rice have balanced out against record low rice production in the US; global rice production estimates remain on track to surpass record 2011-2012 harvests. Global maize prices also remained stable in June after sharp declines in April, while wheat export prices held steady due to favorable production prospects. Global soybean output is estimated to increase on strong production expected in both North and South America.

Staple food markets in West Africa continue to see disruptions following last year's flooding and civil insecurity. Prices in East Africa continue to follow their general seasonal trends, while prices remain above their five-year level in Southern Africa.