What's New

The Agricultural Market Information System (AMIS) has released the third edition of its monthly Market Monitor . The report examines global agricultural market and price trends.

This third edition finds that the global supply and demand balance for wheat and maize continues to tighten; however, the balance for rice and soybeans is easing. Wheat forecasts have been impacted in recent weeks by unfavorable weather in several winter-wheat growing areas in the northern hemisphere. Conflicting reports regarding Ukraine's proposed wheat export ban have also complicated the market.

Ukraine has announced that it will be enforcing an export ban on wheat beginning on November 15. The move comes after poor weather impacted Ukraine’s wheat harvests and follows in the wake of the US drought, which decimated that country’s wheat crop and led to sharp increases in international prices. Ukraine’s exports are expected to reach 5.3 million tons in November, a level which the Ukrainian government says will exhaust the country’s exportable surpluses.

The latest USDA World Agricultural Supply and Demand Estimate report was released today. This month's report cites lower world supplies for wheat and maize; global rice supplies, on the other hand, are up to a record 465.1 million tons.

FAO released the latest Food Price Index today. The report cites slightly higher food prices in September, averaging 216 points. The increase was based mostly on the meat and dairy sectors, with smaller increases in grains. The Index is currently 22 points below its peak of 238 points in February 2011, and nine points below its level of 225 points in September 2011.

The Agricultural Marketing Information System (AMIS) has released the second edition of its Market Monitor . The publication provides the latest news related to AMIS, as well as in-depth data regarding trends in the world food market, supply-demand balances, and price indices.