Monthly News Report On Grains
FAO Trade and Markets Division
MNR ISSUE 146 - September 2018
Market News
• Low maize prices see decrease in sorghum
use, support animal production in Mexico
• Pace of Russia wheat harvest slows on
delays in Siberia, Urals regions
• Indonesia’s 2018 food wheat imports to rise
6 percent despite cost hike
• World oats production holds steady
• ustralian grains
price rally ‘could last well into 2019’
• China’s
ugust grain imports slide on Sino-US trade war
• WTO members clamour
for more
• Green Plains turns off ethanol plants, cuts
output
• Turkey puts temporary limit on flour
exports
• rgentina’s export
tax drive maize acres lower
Reports
• Agriculture in the WTO: Rules and limits on
US domestic support - CRS Report
• The State of Agricultural Commodity
Markets - FAO
• The State of Food Security and Nutrition in
the world - FAO
• Crops Prospects and Food Situation -
FAO
Monthly Information Sources
• AMIS Market Monitor
• FAO Cereal Supply and Demand Brief - FAO
• Grain Market Report - IGC
• Oilcrops Monthly
Price and Policy Update - FAO
• Crop Monitoring in Europe - European
Commission
• FAO Rice Price Update - FAO
• World Agricultural Supply and Demand
Estimates - USDA
• Early Warning Crop Monitor - GEOGLAM
• Commodity Price Data - World Bank
• Food Price Monitoring and Analysis (FPMA) -
FAO
• GIEWS Country Briefs - FAO
Market News
Low maize prices see decrease in sorghum use, support
animal production in Mexico
26 September - Feednavigator.com
Feed maize prices are supporting
an increase in animal production and a move away from the use of sorghum in
feed rations for producers in Mexico.
The US Department of Agriculture released details for both feed grain
and animal production in Mexico in a series of reports last week.
Production expectations and
imports have been lowered for sorghum, while the agency forecasts an increase
in wheat planting acreage, the attaches said.
“For MY 218/19, the total feed grains consumption estimate has been
revised downward from the USDA/official estimates to 4.85 million tonnes, based on information from official and private
sources,” they said͘
“Private sources noted that feed consumption is expected to shift away from
sorghum to feed maize, due to lower-than previously-estimated
domestic sorghum production and consequently higher domestic prices”͘ “In addition, private sources stated that expected lower
maize prices would continue stimulating
Mexico’s import demand for yellow maize from the animal feed sector and
that the United States should continue
to be the main supplier to cover that demand,” they added.
There were some dry conditions
during the summer, but that is not expected to impact production. “While the Mexican livestock industry employs
both pasture and feedlots, industry relies
heavily on imported grains for feed such as yellow maize, oilseed meals,
sorghum and other meals and I nputs such as
distiller’s dried grains͘ According
to industry almost 100 percent of the feed used in swine production originates
from imported US grains, which are currently at low prices”͘ Production estimates for sorghum for the 2018/19 market
year were reduced based on a decrease in
planted area stemming from poor farm gate prices, the attachés said. The spring/summer production also saw challenges
from weather conditions. Import
expectations for the feed grain in 2018/19 were lowered based on the
continuing difference in price between
maize and sorghum: “given that the difference between maize and sorghum prices continues to be relatively
high, Mexico’s animal feed industry tends is
expected to continue to strongly prefer yellow maize over sorghum͘” Currently there is not any tender for imported sorghum
from the main animal feed and livestock
Mexican importers for the upcoming months. Animal feed industry sources
noted sorghum, maize, and even wheat
continue to compete with each other to meet Mexican feed demand, and ultimately the mix of these
commodities will depend on the market price.
The sector tends to prefer
yellow maize over sorghum even at the same price, due to higher convertibility
and other factors. Maize production for
2017/18 was increased based on improved yields and harvest area. Estimated
production for the MY 2018/19 has remained unchanged, official sources noted
that planted area could decrease for the next 2018/19 fall/winter crop season,
due to the relatively low level of water in key reservoirs. It is too early to
make more definitive predictions as water reservoirs could be replenished
during the hurricane season, the attachés said. Production for the 2018
spring/summer maize crop is anticipated to be strong. Maize exports are anticipated to be down, and
ending stocks for marketing year 2017/18 were increased, they said. Wheat production for 2018/19 was increased by
about 4 percent based on planted area, they added.
Pace of Russia wheat harvest slows on delays in Siberia,
Urals regions
25 September
The pace of the wheat harvest in
Russia is lower year on year as of September 20 after harvesting in the eastern regions of Siberia
and the Urals got off to a late start due to delayed sowing and poor weather,
the agriculture ministry said. This is
in contrast to a month ago when an earlier-than-usual start to harvesting in
the south of Russia because of favorable
weather meant the pace of harvesting was quicker year on year.
But that situation reversed as the harvest moved into eastern Russia,
and Siberia and the Urals in particular,
mainly producing spring crops. Late sowing and low temperatures during the
development stage and rains in September resulted in delays to the harvest. As of September 20 the country had harvested
35 million ha, or 78% of the seeded area,
from 37.7 million ha harvested a year ago. Total grains production
amounted to 93 million mt at an average yield of 2.65
mt/ha, down 0.44 mt/ha from
a year ago. However, in Siberia only
35.9% of the seeded area has been harvested, or 3.2 million ha, from 6.5 million ha a year ago. Total grains
production amounted to 6.3 million mt, 44% less than
a year ago, though yields are 13% higher at 1.96 mt/ha.
In its latest WASDE report, the
USDA has estimated Russian wheat production this year at 71 million mt, down from 85 million mt last
year. Some sources, however, have said
that this number does not take into account the situation in eastern Russia, in
which case grain production, and wheat in particular, may be lower than most
recent estimates suggest. In addition,
the agriculture ministry last week wrote off 700,000 ha under wheat due to crop
damage, which also may not have been considered in the estimates.
There have also been estimates
of lower wheat output in some other key countries. Statistic Canada estimates
national wheat production this year at 29 million mt,
down 3% from last year. In Australia, wheat production is forecast at 19.1
million mt, down from 21.2 million mt last year,
according to the Australian Bureau of Agricultural and Resource Economics
and Sciences (ABARE). Lastly, EU soft
wheat production is forecast at 129.8 million mt this
year, down 9% year on year, according to
European Commission estimates. Such
forecasts appear to provide some support to wheat prices. S&P Global Platts assessed
Russian 12.5% protein wheat at $221.25/mt
Friday, up $2.50/mt week on week.
Indonesia’s 2018 food wheat imports to rise 6 percent
despite cost hike
25 September - The Business
Times
Indonesia's imports of wheat for
flour are expected to reach 8.5 million tonnes this
year, an industry body said, up from 8 million tonnes
in 2017, despite increasing prices of the grain. Indonesian demand for noodles, biscuits and
snacks like martabak, a local version of a pancake, has climbed steadily in recent years
as a growing middle class adopts a more
western diet.
The country is the world's
second-biggest wheat importer, behind Egypt, according to United States
Department of Agriculture (USDA) data.
But a 9 per cent drop in the value of the rupiah against the US dollar
this year has increased costs for importers and may slow consumption going
forward, Indonesian Flour Mills
Association chairman Franky Welirang said.
"Purchasing power could decline," said Welirang,
referring to the weakening rupiah and a
forecast 10 per cent climb in wheat flour prices in the second half of
2018. Wheat prices have also been pushed
up after poor harvests in Australia, the world's fourth biggest wheat exporter and a key supplier to
Indonesia, and a fall in Russian wheat output
tightened global supply.
"We've looked for wheat in other places - Russia, Ukraine," Welirang said. "Wheat is expensive." Over the past 10 years, Indonesia's wheat
imports have grown 5 per cent a year on average, and wheat imports in the first half of 2018
reflected a continuation of this trend, Welirang said. Indonesia bought a total of 10.5
million tonnes of wheat in 2017/18, compared with
Egypt's 12.4 million tonnes,
the USDA data shows.
World oats production holds steady
24 September - Graincentral.com
Global oats production has
remained relatively static from 2011/17, reaching 23 million tonnes (Mt) in 2017
after fluctuating mildly, according to the “World: Oats - Market Report. nalysis and Forecast to 2025” published by IndexBox͘ Production
fell abruptly over 2009/10 due to a slump in demand during the global
financial crisis. Afterwards, the global output recovered and
then flattened through to 2017, but yet failed to regain its pre-crisis peak
levels. Global harvested area of oats
also kept a relatively flat trend pattern from 2011-2017, declining slightly
over the last two years to 9.260 million hectares. Russia (4.7Mt), Canada (2.9Mt), Australia
(1.4Mt) remain key oat producing countries in 2017, with a combined 39 per cent
share of the total output. The other
major producers, namely Poland, Finland, Brazil, the United States, Spain,
Argentina, the United Kingdom,
Sweden and Chile, lagged far behind in terms of oats output. In Canada,
production levels had been decreasing by -4.6pc annually from 2007 to 2017, due
to a decrease in harvested areas over the last two years. In Russia and
Australia, oats output experienced a very mild decrease. Oats are a widely traded commodity, with the
share of exports in total global output standing at about 16pc in 2017.
The trade intensity is not very
high due to most oats being consumed locally (especially in Russia); however,
there are significant amounts of imported oats in the US (the second consumer worldwide), Germany, China and some
other countries. The export volume totaled
3.2Mt in 2017 which is 4pc more than in the previous year. The volume of
oat exports maintained a relatively flat
trend pattern over the last 10 years, with noticeable fluctuations in certain
years.
In 2017 the value of exports totalled $725M, bouncing back slightly against the previous
year. Unlike the export volume, the export value was fluctuating during the
observed period due to price fluctuations.
There was a sharp drop from
2015-2016 due to a decrease in oats price. The price reflected a general trend for global cereal grain market,
where prices were being pressured by a drop of
energy prices.
As of 2017, Canada had the
largest export volume of 1.5Mts, comprising 48pc of total global import. It was followed by, all lagging far
behind, Australia (13pc), Finland (10pc) and Sweden (8pc).
The volume of global imports totalled 3.6Mt in 2017, which is 9.9pc more than in the
previous year. The volume of oats
imports maintained a pattern which echoed that of the volume of exports: these
trade flows complement each other at a global scale. As of 2017, the US had the largest import
volume of 1.5Mt which accounted for 43pc of total global imports. It was followed by China, which occupied
another 25pc share, and Mexico, Belgium, the Netherlands, Spain and Japan.
Oat imports into the US
decreased at an average annual rate of -1.9pc from 2007 to 2017. At the same time, China emerged as the
fastest growing importer in the world, with a CAGR (compound annual growth rate) of +32.3pc from
2007-2017, boosted by rising demand for
cereal foods and breakfasts amid rapid urbanization and popularity of heathy diets.
Australian grains price rally
‘could last well into 2019’
24 September - Agrimoney.com
The rally in Australian grain
prices, which has driven wheat futures to record highs, could last “well into 2019” if dryness in the east of
the country does not let up, National ustralia Bank
said. The bank cut again its
forecast for the wheat harvest in the southern hemisphere’s top exporter of the grain, this time by 300,000 tonnes to 18.1m tonnes, down 3.1m
tonnes year on year, citing in the main “severe
drought” in eastern areas, besides some frosts which have also caused some
damage. The estimate compares with a
figure of 19.1m tonnes from Abares,
the official Australian commodities
bureau, and a 20.0m-tonnes forecast by the US Department of Agriculture.
“Conditions in New South Wales
and Queensland are very poor and we don’t expect much in way of a winter crop
from these areas,” the bank said, cutting its forecast for the New South Wales
harvest to 2.3m tonnes, although noting improvement
too to hopes for Western Australia, the
top grain-growing state. The
Western Australia forecast was lifted
to 9͘5m tonnes, albeit a figure “lower than we probably would have placed it two weeks ago”, before a cold
snap. “Late frosts have caused
considerable drama in the west and east, and a lot of crop is now being cut for
hay͘”
The poor production outlook has
sent grain prices soaring, as domestic users, notably the livestock industry,
have fought to keep supplies off the export market, raising ASX wheat futures
last week to a record high of Aus$445.00 a tonne on a
spot contract basis. “ ustralian, especially east coast, prices are at very high
levels,” N B said͘
“With the New South Wales crop
in a parlous state, more Western Australia grain is likely to make its way east
via coastal shipping͘” Prices of
other grains too have been elevated by domestic demand from livestock feeders,
who have seen pasture condition deteriorate.
If it stays dry, “substantial domestic grain premiums are likely to
remain”, the bank said, seeing the
potential for prices to remain elevated for some months yet if dryness scuppers
prospects for sorghum, which offers the next opportunity to boost supplies,
after the forthcoming winter grains harvest. The bank termed as an “emerging
issue” whether New South Wales and Queensland,
responsible for the vast majority of
ustralian sorghum output, “can expect much
sorghum, unless conditions improve.
“Yields could be poor unless the season markedly improves by the end of
the year,” N B said, noting that early
sowings had already begun in Queensland.
“If sorghum yields disappoint,
domestic grain prices could stay high well into 2019͘” The comments come as Australia is early this week
expecting further dryness, as the coming of spring sees a warming in
temperatures. “Heat is now taking its
toll on the crops that have made it this far,” said New South Walesbased grain merchant AgVantage. “ gronomists around
the area have shared that some plants have come to head and are showing a vast difference in growth
development within small areas of the same paddock͘” AgVantage reported sorghum prices at Aus$390 per tonne in the Darling Downs market in southern Queensland for March-April delivery,
up from Aus$305 per tonne a year ago. N B added that ustralian sorghum
prices could also “be a beneficiary of the US-China trade tensions”, given that China is a large
importer of the grain, which it has historically typically sourced from the US. However, Australia’s prices “are now so high
that export markets could be priced out”͘ China last
month imported 60,000 tonnes of sorghum, down from
220,000 tonnes in July, and 259,892 tonnes in August last year according to figures published
by the General Administration of Customs at the weekend. In 2017, China imported 5.06m tonnes of sorghum, of which 4.76m tonnes
were purchased from the US, and 296,000 tonnes from
Australia.
China’s August
grain imports slide on Sino-US trade war
24 September - Nasdaq.com
China's grain imports fell
sharply in August, customs data showed on Sunday, a month after Beijing imposed
hefty tariffs on shipments from the United States, one of its top suppliers.
China brought in 60,000 tonnes of sorghum in August,
down 78.5 percent from 259,892 tonnes a year ago,
according to figures published by the General Administration of Customs. Shipments
were also down from July's 220,000 tonnes. The duties cover sorghum, maize and soybeans,
key raw materials for China's huge animal feed industry, as well as pork, which
had already been hit with tariffs in April.
The customs figures do not give a country by country breakdown, but
China imports almost all of its sorghum from the United States. The import slump came despite a fall in
sorghum prices that made shipments attractive even when adding in the cost of the
tariff, said market participants. "I
dare not buy large volumes as there is still policy risk," said a Chinese
sorghum trader, referring to the
potential for Beijing to take additional measures to deter U.S. imports. He declined to be identified as he is not
allowed to talk with media. China also
bought 330,000 tonnes of maize in August, down 13.5
percent from 377,518
tonnes a year ago. Wheat imports fell 51.6 percent from a year
earlier to 140,000 tonnes. China imports about a third of its maize and
wheat from the United States, according to
customs data.
China imported 550,000 tonnes of barley in August, down 29.1 percent from 781,669 tonnes a year earlier, according to the data. August pork imports rose 10.8 percent year on
year to 92,587 tonnes, despite tariffs on product from the United States, a major
supplier to China, and low domestic pig prices that have reduced demand for
cheap imports. Sugar imports in August
fell 24.4 percent to 150,000 tonnes, the data showed.
WTO members clamour for more
clarity on US farm spending
20 September - Blackseagrain.com
Trading partners will demand
more details from the United States at the World Trade Organization next week about its planned $12
billion aid package for U.S. farmers hurt by the Trump administration’s tariff
wars͘ The U.S.
aid package, announced in July, is intended to shield U.S. farmers from
the repercussions of trade disputes
between the United States and China, the European Union and others.
But other WTO members want more
clarity on how long it will last and whether it adheres to WTO rules as it
could have an impact on their own agriculture sectors and competition.
A compilation of written
questions submitted to the WTO's regular agriculture committee meeting on Sept.
25-26 included questions from New Zealand, Japan, India, the European Union,
Canada and Australia, all demanding more detail on the plan. Australia asked when the plan would be
formally notified to the WTO, how long it would go on, and how its various programs
-- market facilitation, food purchase and distribution, and agricultural trade
-- would fit into the WTO rules. New
Zealand said it was concerned the package would take the United States close to
its total allowable farm subsidy of $19.1 billion, and sought an assurance it
was a one-time payment that would not carry on in future.
A first $6 billion has already
been made available, so Australia wanted to know what would trigger the
roll-out of the second half of the package, and whether those funds would be
available under the same programs as the first tranche. It also asked how the U.S. Department of
Agriculture came up with the formula for payouts under the $4.7 billion market
facilitation program, which aimed to reflect the severity of trade disruption,
with 50 percent of the producer's total 2018 actual production multiplied by
the applicable rate. Japan and Canada were concerned the market
facilitation payouts could amount to excessive support for production. The market facilitation program will make
direct payments to producers of cotton, maize,
fluid milk, pork, soybeans, sorghum and wheat, and Canada wanted to know
if more products might be covered in future.
The $200 million trade promotion program was intended to mitigate
"adverse effects of other countries' restrictions", but Australia
wanted to know precisely what that meant.
"Could the United States confirm that this $200 million fund will
not be used to subsidize the export of U.S. products to international
markets?" Canada asked.
Green Plains turns off ethanol plants, cuts output
17 September - Reuters
Major U.S. ethanol producer
Green Plains Inc (GPRE.O) is shutting down or cutting output at plants across
the Midwest due to low profit margins, five industry sources told Reuters
on Monday. The slash in production comes after the Trump
administration’s escalating trade disputes cut off U.S. access to ethanol
markets in China, contributing to a domestic supply glut that has pushed biofuel prices near their lowest levels in over a
decade.
Green Plains idled until further
notice its facility in Superior, Iowa, and soon will shut down
the plant in Lakota, Iowa, while
the company’s plant in Fairmont, Minnesota, was running at
half of its capacity, according
to three of the sources, who asked not to be named. Two additional sources,
both ethanol traders, said even more plants had been shut down or cut production. “They’re taking down some of their
best-performing assets,” said one trader, mentioning plants in Fergus Falls,
Minnesota and Bluffton, Indiana.
Company spokesman Jim Stark
confirmed the Superior plant was temporarily shut down. “Lakota is running and so is Fairmont͘ We don’t comment on run rates at any
particular plant,” Stark said in an email͘ He declined to comment on Fergus Falls or Bluffton.
Green Plains said in an Aug. 30 regulatory filing it was reassessing
production levels based on current market conditions.
Green Plains has annual ethanol
production capacity of roughly 1.48 billion gallons, making it about tied with
Valero Energy Corp (VLO.N) as the No. 3 ethanol maker in the United States,
behind POET LLC and Archer Daniels Midland Co (ADM.N). The company said in a May filing it was
considering selling some of its assets. Another source familiar with the
company said on Monday it was now actively seeking to sell them. Asked for
comments about potential sales, Green Plains spokesman Stark said only that its
“portfolio optimization plan” would be completed this year͘ The U.S. Environmental Protection Agency under former
administrator Scott Pruitt issued
waivers to some oil refiners exempting them from requirements to blend
ethanol into the U.S. gasoline supply.
The waivers, coupled with trade tensions between the United States and China,
have pressured prices for ethanol. Green
Plains has invested in cattle feedlots and vinegar production in efforts to
diversify from biofuel.
Last week, privately held Ergon Inc said it would permanently close its only ethanol
plant, in Mississippi.
Ethanol output typically
declines in September and October as operators perform maintenance to prepare equipment ahead of the
new maize harvest. Some plants were likely to extend downtimes this year
because of poor profitability. The U.S.
Energy Information Administration last week said average ethanol output dropped
67,000 barrels per day to 1.02 million bpd, the lowest since April.
Turkey puts temporary limit on flour exports
7 September - World-grain.com
The Turkish government said on
Sept. 6 that due to recent fluctuations in domestic flour prices it has introduced a regulation
limiting exports of flour produced from grain grown domestically, outside of the Inward
Processing Regime duty exemption mechanism, to 1% of total exports, according
to S&P Global Platts. The Ministry of Trade told S&P Global Platts the action was taken to stabilize domestic flour
prices, protect consumers and prevent speculation, but noted that the export
limit was temporary and would be removed when domestic price stability
returned. Turkey has been the world’s
top flour exporter over the last five years, accounting for one- third of all
flour exports. In 2017, Turkey exported 3.6 million tonnes
of flour worth $1.1 billion. Facing a severe economic crisis in which the
lira has plummeted against the dollar, Turkey’s flour exporters have been
facing prohibitive wheat import costs in recent months. As a result, the number
of Russian ships bringing wheat into Turkey has fallen from 10 a day to fewer
than 10 a week, according to S&P Global Platts. The situation prompted Turkey’s state grains
agency, TMO, to open its 2 million tonnes of grains
stocks in early August, several months earlier than usual.
Argentina’s export tax to drive maize acres lower
6 September - Agriculture.com
Argentina has suffered a
currency crisis since the beginning of the year, and the Argentinian
peso devalued over 100% against the U.S. dollar since then. This is sparking increased export taxes for rgentina’s agricultural commodities. s a consequence of higher interest rates in
the U͘S͘ and the
European Union, the country’s debt skyrocketed to record levels. As of January of 2018,
nearly 18 pesos purchased one dollar͘ t the end of today’s
session, to buy one U͘S͘
dollar, you will need around 39 pesos. In order to reach a full agreement with the International
Monetary Fund, the government of Argentina decided to accelerate its fiscal
adjustment and target zero deficit for the 2019
budget. President Mauricio Macri announced US$
12.9 billion in cuts and the return of
export taxes. On farm exports,
the tax rate would be four pesos for every dollar in exports with a roof
of 10%. The exception is soybeans, which
kept the export taxes already in place. The taxes on the oilseed will have the rate cut
anticipated and that will be 18%, plus the four pesos for each dollar. That means if the Argentinian currency continues to devalue, the export tax
will disappear automatically. Biodiesel, soybean oil, soybean meal, or any
other processed product will have a rate of 3 pesos for each dollar exported,
as a push for industrial exports. In
addition, U.S. president Donald Trump yesterday announced that the U.S.
treasury could loan an extra fund of $10
billion to finance Argentina and avoid any possibility of default
because the South merican country is considered a “valuable friend͘” In the view of Gustavo López,
president of Agritrend, based in Buenos Aires, the
new tax will reduce the maize surface in
rgentina͘
“Wheat was already planted͘ Maize is yet to be planted in
Argentina after the wheat harvest. And maize was punished again. “When planting starts, a portion previously
thought to be maize will be soybeans. And sales from the old crop perhaps could take longer
than expected,” analyzed López͘
A report from the market
consultancy AZ Group indicates that crop rotation practices would fall in the coming season͘ “In the case of maize, the profitability will
fall 50%. Soybeans are back as the first option of the business, even
though it will still have more than estimated,” explained Sebastián Salvaro, an analyst at AZ Group, in an interview with
newspaper La Nación.
The president of the Confederation of
Rural Associations of Argentina, Dardo Chiesa, qualified the government measures as “treason͘” “One person that betrays you one time can do it many
times,” said Chiesa͘
Reports
Agriculture in the WTO: Rules and limits on US domestic
support
Food Outlook is a biannual
publication (May/June and November/December) focusing on developments affecting global food and feed
markets. The sub-title "Global Market Analysis" reflects this focus
on developments in international markets, with comprehensive assessments and forecasts on a commodity by
commodity basis.
The State of Agricultural Commodity Markets. Agricultural
trade, climate change and food security
- FAO
This edition of The State of
Agricultural Commodity Markets focuses on the complex and underexplored intersection between
agricultural trade, climate change and food security. The report makes an
important contribution to the policy debates on climate change adaptation and mitigation under the Paris
Agreement and the multilateral agricultural trade rules. The report discusses
policies - both domestic support and trade measures - that can promote food
security, adaptation and mitigation, and improve the livelihoods of family farmers around the world. Given both the slow-
and rapid-onset impacts of climate change, policies that can significantly
promote climate change adaptation and mitigation would benefit from deeper
discussions in international fora on how to
strengthen the mutually supportive role
of trade rules and climate interventions.
The State of Food Security and Nutrition in the World.
Building climate resilience for food security and nutrition - FAO
The State of Food Security and
Nutrition in the World is an annual flagship report jointly prepared by FAO, IFAD, UNICEF, WFP and WHO to
inform on progress towards ending hunger,
achieving food security and improving nutrition and to provide in-depth analysis
on key challenges for achieving this goal in the context of the 2030 Agenda for
Sustainable Development. The report targets a wide audience, including
policy-makers, international organizations, academic institutions and the
general public.
Crops prospects and Food Situation - FAO
Crop Prospects and Food
Situation is issued by the Trade and Markets Division of FAO, under the Global
Information and Early Warning System (GIEWS). It is published four times a year
and provides a forward-looking analysis of the food situation by geographic
region, focusing on the cereal production outlook, market situation and food
security conditions, with a particular
attention on Low-Income Food-Deficit Countries (LIFDCs).
Monthly Information Sources
AMIS Market Monitor
FAO Cereal Supply and Demand Brief - FAO
Grain Market Report - IGC
Oilcrops Monthly Price and Policy Update - FAO
Crop Monitoring in Europe - European Commission
FAO Rice Price Update - FAO
World Agricultural Supply and Demand Estimates - USDA
Early Warning Crop Monitor - GEOGLAM
Commodity Price Data - World Bank
Food Price Monitoring and Analysis (FPMA) - FAO
GIEWS Country Briefs - FAO
The main purpose of the MNR is
to provide links between the FAO Secretariat and the Members of the
Intergovernmental Group (IGG) on
Grains, as well as the general public.
Food and Agriculture
Organization of the United Nations
www.fao.org/economic/est