• During the first quarter of 2014, the global cereal price index decreased by 12% year-on-year, and slightly increased by 2% compared to the previous quarter.
• Real prices of maize were relatively stable and only 2% higher than the previous quarter of 2014.
Compared to the same period of the previous year, maize prices are low (-28%).
• Real prices of wheat increased significantly by 9% from Q1 to Q2-2014. More recently, for June, prices are down due to an increase in global supply and production.