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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 Sees Declining Maize, Wheat Prices

The latest FEWS Net Monthly Price Watch was released today, reporting considerable declines in the price of wheat and maize in the past few months. Between June and August, monthly average international maize prices dropped significantly due to improved harvest prospects in the United States; current harvest prospects suggest that prices may drop even further in the coming months. Global maize stocks are also projected to rise to their highest levels in nearly a decade.

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.

FEWS Net Monthly Price Watch Released

The latest FEWS Net Monthly Price Watch was released today. The report saw stable global rice and wheat prices in May, although wheat prices remain at high levels. Rice production is on track to surpass last year's record harvests, and rice prices are expected to remain relatively stable for the rest of the year. Global maize prices increased on delayed planting in North America, caused mainly by poor weather conditions. Closing global maize stocks are expected to be tight despite record South American harvests.

FEWS Sees High But Stable Grain Prices

The latest edition of the FEWS NET Monthly Price Watch is citing sustained high international cereals prices in October, particularly for maize and wheat. While unfavorable weather conditions in key exporting countries have contributed to keeping wheat and maize prices high, recent reductions in demand estimates, particularly from the feed industry, have kept prices relatively stable at high levels.

FEWS Food Price Watch Sees Declining Rice Prices, Tight Wheat and Maize Stocks

In its latest Monthly Food Price Watch, FEWS NET reports that global rice production for 2012/2013 is expected to be the highest on record. Global soybean production prospects also improved with a 10 percent increase for 2012/2013; however, strong global demand is expected to keep soybean and soybean oil prices high. While global wheat prices remain high, production is only expected to decline by six percent. However, trade policies in key wheat exporting countries could exert further pressure on prices.

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