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Maize and bean prices stabilize with the Primera harvests

  • Key Message Update
  • Latin America and the Caribbean
  • September 2016
Maize and bean prices stabilize with the Primera harvests

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  • Key Messages
  • Key Messages
    • In some of the staple production zones located within the region’s Dry Corridor, primarily in Honduras and Nicaragua, subsistence producers have experienced up to an 80 percent reduction in yields compared to normal during the Primera season, due to the irregular temporal and spatial distribution of rainfall in May and July. Nevertheless, according to official estimates and field visits, aggregate production of maize and beans from the Primera season will be near average and greater than last year.

    • Cumulative rainfall has been favorable for the sowing of Postrera red beans and maize in September, which is expected to facilitate normal development of the crops in the first growth stages. Furthermore, seasonal forecasts indicate near-average cumulative rainfall, which is likely to result in average Postrera production.

    • Expectations for the coffee harvest in the region indicate greater production than last year, despite the increase in prevalence of coffee rust during the past two months. In Honduras, record production is expected for the 2016/2017 season. Increased production in each of these countries, as well as selling prices that are above those of last year, will translate to greater income for small-scale producers, and greater pay and quantity of jobs available for laborers in the sector.

    • Maize and bean prices reached their peak in July, and began to decrease in August. The decrease in prices is likely to continue during the coming months with expectations for near-average Postrera harvests, which will help maintain market supply and price stability at least through the beginning of 2017.

    This Key Message Update provides a high-level analysis of current acute food insecurity conditions and any changes to FEWS NET's latest projection of acute food insecurity outcomes in the specified geography. Learn more here.

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