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August 2015 Global Price Watch

  • Price Watch
  • Global
  • August 31, 2015
August 2015 Global Price Watch

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  • Key Messages
  • Key Messages
    • In West Africa, market availability was adequate in July with supplies from 2014/15 harvests and international rice and wheat imports. Regionally-produced staple food prices were stable or increased seasonally. Markets remained disrupted in areas directly and indirectly affected by conflict in northeastern Nigeria and neighboring areas.

    • In East Africa, maize prices increased seasonally in Ethiopia, Somalia, and parts of Kenya. Maize prices were stable or began decreasing in Uganda and most of Tanzania with the onset of the May-to-August harvests. Sorghum prices were atypically stable in Sudan as the lean season progressed. Conflict and insecurity continued to disrupt markets in parts of South Sudan, Somalia, the Darfur and South Kordofan States in Sudan, and across Yemen.

    • In Southern Africa, regional maize production for the 2015/16 marketing year is estimated to be below-average at the regional level, including South Africa. Production is significantly below average in Malawi and Zimbabwe. Maize prices reflected these trends in July, increasing earlier than usual in most areas as stocks tightened earlier than usual.

    • In Central America and Haiti market supplies of locally-produced maize and beans were below-average across the region due to the effects of subsequent below-average harvests over 2013 and 2014. Maize and bean prices increased seasonally throughout most of Central America. Locally produced maize and bean prices increased considerably in Haiti in recent months, while imported commodity prices remained stable.

    • In Central Asia, wheat availability remained good in Afghanistan and Pakistan. Prices remained stable region wide.

    • International staple food markets are well supplies. Rice, wheat, and soybean prices remained stable and below their respective 2014 levels. Maize prices increased in July, but were stable compared to 2014 levels. Crude oil prices decreased in July and remained below-average.

    Price Watch offers a monthly summary and outlook on global, regional and national trends of key commodity prices in FEWS NET countries. Analysis may touch on global issues, such as fuel prices or exchange rates, if they are likely to influence staple food prices in FEWS NET countries. The accompanying Price Watch Annex details price trends by country.

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