1 year ago tngadmin Comments Off on FPMA Bulletin
Export prices of wheat and maize were mostly higher in January, mainly underpinned by a strong trade activity. International prices of rice edged up on easing harvest pressure and concerns over the potential impact of unfavourable weather on exporters' outputs.
? In East Africa, prices of coarse grains in January persisted at relatively high levels across the subregion, due to an overall year on year reduction in the 2019 cereal output, further exacerbated by a difficult macro economic situation in the Sudan and South Sudan. Heavy rains late last year, disrupting agricultural and marketing activities, contributed to sustaining the high level of prices in several countries.
? In Southern Africa, amid weak production prospects for the 2020 crops, prices of maize continued to increase underpinned by tight supplies and weak currencies, particularly in Zimbabwe.
Source: Food and Agriculture Organization of the United Nations