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- Cambodia: Floods - Oct 2010
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International prices of wheat and maize were generally firmer in January, supported by weather-related concerns and a weaker US dollar. Export price quotations of rice also strengthened mainly buoyed by renewed Asian demand.
In East Africa, in the Sudan, prices of the main staples: sorghum, millet and wheat, rose sharply for the third consecutive month in January and reached record highs, underpinned by the removal of wheat subsidies and the strong depreciation of the Sudanese Pound.
↗ International prices of wheat and maize remained relatively stable in November, reflecting good supply conditions, while export quotations of rice strengthened amid increased buying interest and currency movements.
The benchmark US wheat price declined in October mostly because of higher supply prospects while maize quotations firmed due to rain-induced harvest delays. International rice prices strengthened in October, mainly reflecting seasonally tight Japonica and fragrant supplies.
International prices of wheat increased in September mostly because of weather-related concerns, while maize quotations fell further on crop harvest pressure. International rice prices remained generally firm, supported by seasonally tight availabilities of fragrant rice and strong demand for higher quality Indica supplies.
Globally, millions of vulnerable households are at risk of increased hunger and poverty due to droughts and floods as a result of a climatic occurrence: El Niño. This phenomenon is not an individual weather event but a climate pattern which occurs every two to seven years and lasts 9-12 months. No two El Niño events are ever the same and it is thought that this particular occurrence could be the most powerful on record. The strongest El Niño in 1997/1998 killed some 21,000 people and caused damage to infrastructure worth US$ 36 billion.