Food Crisis due to Prices

Corn shortage is adding to the already existing shortage of bean. Escalating international prices are threatening millions of poor Central Americans.

Monday, February 7, 2011

January global data shows that food prices continue to rise and are already surpassing the 2008 prices.

And while the Central American economies are benefiting in part by the increase, for example by increasing revenues from coffee and sugar exports, they have not secured supply of basic traditional consumer products such as wheat, corn and beans; the basic foods of poor population. The already high prices are worsened by poor harvests due to bad weather.

Trying to improve the situation, the governments of the region are lowering tariffs, controlling prices and granting subsidies, but they are running the risk to convert these remedies in something worse than the original problem.

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Central America: Rates and Trends for Basic Grains

September 2016

Behavior and price trends in production of white corn, black and red beans, wheat and rice in Mesoamerica and the Caribbean in June 2016.

From the Regional report on the Basic Grains Market in June 2016:

In Mesoamerica and the Caribbean in May 2016 white maize prices showed stable trends compared to April 2016, despite declining regional supply due to the completion of harvests and reduced inventories from 2015, but these were offset by world imports. In beans, stable prices were observed, not greatly affected by the losses in Apante and with a slight reduction in prices in Costa Rica and Mexico. In general, black bean prices have been favored by imports, and the use of substitute products as in the case in Haiti.  Rice prices have remained stable in most countries, except Haiti where there was an increase due to the depreciation of Haitian local currency.  

Agricultural Outlook 2016-2025 OECD-FAO

July 2016

Estimates of supply, demand, trade and prices of major agricultural commodities across 41 countries in 12 geographical regions.

Summary of the OECD-FAO report, Agricultural Outlook 2016-2025:

The Agricultural Outlook 2016‑2025 is a collaborative effort of OECD and FAO. It brings together the commodity, policy and country expertise of both organisations and input from collaborating member countries to provide an assessment of medium‑term prospects of national, regional and global agricultural commodity markets. The Outlook provides supply, demand, trade and price estimates of major agricultural commodities for 41 countries and 12 geographical regions. The special theme chapter of this year’s edition focusses on the prospects and challenges of the agricultural sector in Sub‑Saharan Africa.

Agricultural Prices in Central America

February 2012

A report for January 2012 has been released showing Central American prices of wholesale agricultural products and retail prices of petroleum products.

The report by the Central American Economic Integration Secretariat reveals that:

In November 2011 compared to October of the same year shows

Aid offered in food crisis

May 2008

The Inter-American Development Bank on Tuesday announced a $500 million line of credit for Central America in hopes of heading off food-price unrest.

Trying to get ahead of potential unrest because of rising food and energy prices, the Inter-American Development Bank on Tuesday announced a new $500 million line of credit for six Central American nations and the Dominican Republic.

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