In West Africa, staple food markets were well-supplied in July, despite the slight delay in the start of the rainy season in some areas of the Sahel. Markets are generally functioning as they normally do during the lean season. Staple food prices were stable or declining, except in deficit areas of Niger and Chad. Record-high rice and wheat imports from international markets reinforced food availability in Senegal and Mauritania (Pages 3-6).
A unique, Africa-led fund to improve agriculture and food security across the continent has become a reality. Officially launched in June 2013 with funding totalling over US $ 40 million from Equatorial Guinea, Angola and group of civil society organizations in the Republic of Congo.
The Annual Report meets DFID’s obligation to report on its activities and progress toward the Millennium Development Goals under the International Development (Reporting and Transparency) Act 2006. It includes information on DFID’s results achieved, spending, performance and efficiency. The audited statutory accounts include spend against Parliamentary Estimate, and a statement of DFID’s assets and liabilities.
Prospects for 2014 global cereal production improve further with upward revisions to coarse grains and wheat forecasts, contributing to an enhanced cereal supply outlook for 2014/15.
International prices of wheat and maize dropped in June, reflecting favourable production prospects, while rice export quotations increased slightly. Cereal export prices were overall lower than their year earlier levels.