FPMA Bulletin #1, 16 February 2018

Key messages

  • 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.

  • In West Africa, prices of coarse grains were at relatively high levels in January, despite the good harvests gathered in late 2017, due to strong demand for stock replenishment and insecurity in some areas.