FPMA Bulletin #10, 10 November 2017

Key messages

  • 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.

  • In East and West Africa, cereal prices declined in October with the 2017 ongoing or recently-started harvests. However, concerns over crop outputs and civil insecurity kept prices at high levels in some countries, particularly in Ethiopia, Nigeria and South Sudan.

  • In Central America, heavy rains in October led to unseasonal increases in maize and bean prices. They remained, however, at levels well below those a year earlier as a result of adequate domestic supplies, following the overall good outputs in 2016 and the 2017 first season harvests.