FPMA Bulletin #10, 10 December 2018
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International prices of wheat and maize remained under downward pressure in November, mostly on account of large nearby supplies. For rice, new crop arrivals continued to weigh on export price quotations.
In East Africa, in the Sudan, a further sharp devaluation of the currency triggered a marked increase in the prices of grains, which reached record to near-record highs despite the ongoing harvest.
In Southern Africa, in Zimbabwe, a drop in the value of the country’s currency, as well as a shortage of foreign exchange, curbed imports and underpinned the increases in cereal prices. Elsewhere in the subregion, reduced 2018 harvests pushed the prices of maize to levels above those recorded a year earlier in several countries.