International prices of wheat and maize in August continued the declining trend of the past few months reflecting the favourable outlook for 2014 global production; by contrast, rice quotations increased further. Overall, cereal export prices were below their levels of a year earlier.
In Central America, maize prices rose sharply in August with deteriorating prospects for the 2014 main season crop being harvested. Red bean prices continued at all-time highs, more than doubling their levels of August last year.
In most African countries, cereal prices were at relatively low levels with the main exception of Somalia, the Sudan and South Sudan, affected by poor harvests, civil conflict and trade disruptions. In the areas affected by the outbreak of the Ebola Virus Disease, price spikes were recorded in recent months.