FPMA Bulletin #9, 10 October 2017

Key messages

  • 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.

  • In East Africa, prices of cereals remained at levels above those of a year earlier in most countries, particularly in Ethiopia reflecting seasonal tightness amid concerns over the impact of the Fall Armyworm infestation on the main harvest and in South Sudan mainly due to the ongoing conflict.

  • In Asia, prices of rice in Bangladesh increased again in September and reached record highs, with seasonal patterns exacerbated by the reduced 2017 main season output and concerns over the impact of the July-August floods on the second season crop, to be harvested from November.