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*Little change to estimates of cereals harvests
Maize and wheat prices remain high, but may have peaked*
Estimates of cereal harvests have changed little from August to September. Further cuts to estimates of the already bad US maize harvest have been quite small.
Hence the sharp price rises seen in the maize and wheat markets in July have probably reached their limit — even if at more than US$320 a tonne for maize, US$365 a tonne for wheat, prices are high.
Authors: Steve Wiggins, Julia Compton and Sharada Keats
The issue of rising food prices came to international attention in early 2008. This document answers the following questions about the crisis and responses to it:
- What has happened to food prices and why?
- Why are food prices important & where can we find them?
- How have countries and the international community responded?
- The future