FPMA Bulletin #11, 11 December 2017

Key messages

↗ 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.

↗ In East Africa, prices of cereals in November continued to decline in most countries with the ongoing 2017 harvests and were at levels around or below those a year earlier with a few exceptions. By contrast, in the Sudan, prices surged and reached record highs in some markets, mainly underpinned by the sharp depreciation of the Sudanese Pound in the parallel market.

↗ In Central America, after the sharp increases recorded in the previous month, prices of white maize eased in November as market flows returned to normal, after disruption caused by severe rains in the previous month. Good domestic availabilities kept prices at levels below those a year earlier.