Crop Prospects and Food Situation - No. 4, December 2013
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Latest estimates confirm a large increase in 2013 world cereal output; early prospects for 2014 wheat crop are mostly favourable. The benchmark United States wheat export price declined in November on generally favourable 2014 crop prospects. Prices of maize and rice also eased somewhat and were at levels well below those of a year earlier. Cereal imports of LIFDCs for 2013/14 are estimated to increase by some 4 percent, mainly reflecting reduced harvests in Africa and increased de mand in Egypt. In Western Africa, in several parts of the Sahel, especially in Chad, Mali, Mauritania, Niger and Senegal, crops and pastures have been affected this year by a late onset and early cessation of rains, which could lead to a new surge in food insecurity and malnutrition in the 2013/14 marketing year....