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May 2016 Global Price Watch

  • Price Watch
  • Global
  • May 31, 2016
May 2016 Global Price Watch

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  • Key Messages
  • Key Messages
    • In West Africa, market availability was good in April with supplies from above-average 2015/16 regional harvests, and international rice and wheat imports. Markets remained disrupted throughout the Lake Chad Basin and in parts of Central and Northern Mali. The recent depreciation of the Naira has led to price increases across Nigeria.

    • In East Africa, maize prices followed seasonal trends in surplus-producing Uganda and Tanzania. Harvests are estimated to be well below average in Ethiopia, but prices have remained stable with the availability of food through humanitarian assistance programs underway. The South Sudanese Pound was allowed to float in December, leading to a persistent depreciation of the local currency and reducing purchasing power. Markets remain disrupted by insecurity in South Sudan and Yemen.

    • In Southern Africa, although maize supplies remained well below-average, the start of the harvest improved availability and generally eased pressure on prices, except in southern Mozambique where maize prices continued to increase. Maize prices are well above-average levels across the region.

    • In Central America, bean supplies improved with supplies from the Apante harvests while imports sustained stable levels of maize supplies. Maize prices were generally stable while beans prices were mixed. Locally-produced bean and maize availability remained below-average in Haiti, while imported commodity prices and availability remained stable.

    • In Central Asia, wheat availability remained adequate region-wide. Prices are below their respective 2015 levels in surplus-producing areas.

    • International staple food markets remain well supplied. Maize, wheat, rice, and soybean prices were stable in April and below or similar to their respective 2015 levels. Crude oil prices increased but remained well 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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