Early Warning Systems Hub Reports
Featured blog
International Maize, Wheat, Rice Prices Remain Down, According to Latest FPMA Report
The latest Food Price Monitoring and Analysis (FPMA) Bulletin from GIEWS, released on December 9, reports mixed but low trends for global wheat prices in November. Benchmark US Wheat (No. 2 Hard Red Winter) prices fell slightly from October and remain nearly 10 percent below November 2015 levels. This decline was driven by higher 2016 production and ending stock estimates, as well as a strong US dollar; however, falling prices slowed somewhat due to unfavorable 2017 weather forecasts in several wheat-producing countries coupled with strong import demand.
FAO Cereal Supply and Demand Brief Sees Improved Production Prospects, High Stocks
The FAO is predicting 2016 global cereal production to be nearly 2,526 million tonnes, up slightly from production forecasts in April. This slight revision comes mainly from increased wheat production forecasts, which rose 4 million tonnes in May. Much of this increased production is based on improved yield prospects in Europe, which are expected to outweigh the effects of poor weather conditions in India. Growth in anticipated global wheat production remains 16 million tonnes below the record production seen in 2015, however.
FEWS Net Reports Stable Global Staple Food Prices, Supplies But Varied Country-level Conditions
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.
Rice, Maize, Wheat Prices Stable in December
The latest FEWS Net Monthly Price Watch was released this week, citing stable international maize, rice, and wheat prices in December. Maize prices were over 30 percent lower than their December 2012 levels; global maize stocks are expected to hit their highest levels in over a decade due to near-harvest records in the United States, high stocks in South America, and decreasing overall use estimates. World soybean and palm oil production are also expected to reach record levels in 2013-2014. Soybean prices in December were below their 2012 levels.
FEWS Net Monthly Price Watch Released
The latest FEWS Net Monthly Price Watch was released yesterday. The report sees declines in the majority of international prices, with the exception of soybeans.