GIEWS Global Food Price Monitor Released
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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.
Regionally, coarse grains prices declined in Western Africa following continued harvests; maize prices increased in Southern Africa, while cereals prices remain generally high in Eastern Africa. Far East Asia has seen stable wheat and rice prices, although wheat prices remain at high levels. South America is also experiencing high wheat and rice prices, while Central America has seen some declines in maize prices.