FPMA Bulletin #7, 10 August 2017
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International prices of wheat rose further in July on quality concerns, particularly for higher protein wheat, although upward pressure was limited by prospects of ample global supplies. Export prices of maize remained generally unchanged, while a slowdown in demand capped gains in rice quotations. In East Africa, prices of cereals in most countries declined significantly for the second consecutive month in July with the new harvests, but remained generally higher than a year earlier. However, i n Ethiopia, prices of maize surged further and reached record levels, underpinned by uncertain prospects for the 2017 crops. In the CIS, prices of staple potatoes declined sharply from the record or near-record highs of June in most countries of the subregion with the beginning of the new harvest. Prices, however, remained higher than in July last year after the sharp increases of the past months.