asia paci˜c weekly price monitor - food and agriculture ......apr 06, 2012 · into e˛ect on 01...

Asia Paci�c Weekly Price MonitorRegional O�ce for Asia and the Paci�c

Issue 57, 06 April 2012


Highlights of the week

Over the past week, staple food commodity prices remained relatively stable except for:

- In Afghanistan, chicken prices dropped by 4 percent and were 27 percent above the prices observed a year ago.

- Wheat prices in Bangladesh dropped by 6 percent and were 10 and 3 percent higher than the prices recorded three months a year ago, respectively.

- In Cambodia chicken prices increased by 4 percent and were 10 percent above the prices observed a year ago.

- Wheat prices in Myanmar fell by 4 percent and were 6 percent higher than those observed a year earlier.

- In Thailand, pork prices increased by 3 percent and were 11 percent below the levels a year earlier.

Please refer to the “Price and policy information at country level” section for further

details.

Policy Prices


RegionalDuring the Fourth BRICS Summit, discussions were conducted under the overarching theme "BRICS Partnership for Global Stability, Security and Prosper-ity". In their declaration, accelerating growth and sustainable development, along with food, and energy security, are amongst the most important challenges facing the world today, and central to addressing economic develop-ment. In this context, excessive volatility in commodity prices, particularly those for food and energy, poses additional risks for the recovery of the world economy. During 2012, the Third Meeting of BRICS Ministers of Agriculture and the second Meeting of the Agriculture Expert Working Group will take place (Council on Foreign Relations, 29 March 2012).

During the 20th Association of Southeast Asian Nations (ASEAN) Summit, (1) the ASEAN Plus Three Emergency Rice Reserve (APTERR), became a permanent mechanism to help meet relief requirements resulting from natural disasters and humanitarian emergencies; (2) endorsed of the ASEAN Plus Three Compre-hensive Strategy on Food Security and Bio-energy Development (APTCS-FSBD); and (3) endorsed of the Proposal for Post-2012 ASEAN Food Security Informa-tion System (AFSIS) which aims to establish the AFSIS Network Centres and ensure sustainable regional self-sustained food security information system (ASEAN o�cial website, 04 April 2012).

NationalIn China, the Ministry of Health amended a food safety law, including the regulation on the use of nutrition-enhancing food supplements. It will come into e�ect on 01 January 2013.

The new value-added tax (VAT) refund scheme in the Philippines was approved. It will monetarize the tax credit certi�cates. The main bene�ciaries of this scheme are exporters. The 2012 national budget allocated PHP 9 billion (US 210.7 million ) for the �rst-year implementation (O�cial Gazette, 02 April 2012).

Weather conditions

In Fiji tropical depression formed into a cyclone, Cyclone Daphne, has caused extensive �ooding in Fiji, particularly in the Western Division (International Federation of Red Cross and Red Crescent Societies, 04 April 2012).


Price Monitoring Model

IN FOCUS: THAILANDPrice Movements (Price Forecast for Thailand (rice 25%, Bangkok market)

Technical notes

The FAO Price Monitoring Model is a simple tool designed to assist policy makers, farmers and traders in assessing whether

recent price trends are in line with those typically observed in the past. The purpose of the model is to determine whether

short-term price movements of a commodity exceed a benchmark which takes into consideration seasonality, in�ation and

historic variability. The model uses only data on past prices and the consumer price index (CPI) to capture these characteris-

tics. It establishes an expected level of price for the following month along with a range of uncertainty generated by past

deviations from expected prices. Price movements can be interpreted as “excessive” if prices fall outside the benchmark

range. The di�erence between the actual price and the “benchmark price” (1 month in advance) that was forecasted for that

same month is also calculated by the model although not shown in the graph. An additional feature of the model is to

show the current level of prices relative to an average of past prices during the past four years (adjusted for in�ation). For

details on the model, please see: http://www.foodsec.org/web/publications/briefs/

According to the FAO Price Monitoring Tool, the benchmark price for April is THB 14.45 (with a benchmark range of THB 13.89 – 15.01 per kilo), which would represent a 8 percent decline from December 2011. If prices follow normal seasonal patterns during the next three months, wholesale nominal prices for rice (25% brokens) are likely to fall within a benchmark range of THB 13.07-15.93 per kilo.

The graph shows that recent price movements were not in line with those typically observed over the past 7 years: prices normally rise from November to February and then rise in March, but this time the pattern has been the reverse. Prices normally fall from February to March by about 3 percent (purple line), but actual prices (green line) slightly increased (by less than 1 percent) instead. As a result, actual prices for March were slightly above the benchmark range, possibly because the o� season harvest (March to May) is delayed due to late planting (because of the �oods in the last quarter of 2011). According to USDA, as of 26 March 2012, the Government expects that the paddy pledging programme will pledge around 8 MMT of paddy (5.3 MMT milled equivalent), accounting for 72 percent of the total o�-season production.

The government guarantees rice prices to Thai farmers through the New Paddy Pledging Programme which started in 07 October 2011 and �nished by 29 February 2012. The programme is also being implemented for the o� season crop from 01 March 2012 to 30 June 2012 with a targeted volume of 8 MMT. However, the amount of paddy pledged by farmers is unlimited and government intervention prices diverge within a range of THB 13,800-20,000 (USD 445- 645) per tonne, depending of the rice variety and quality. The budget allocated for the o� season crop is to be de�ned.

*Price information is taken from the Bank of Thailand and the Department of Internal Trade.

15.01

15.31

15.93

13.89

13.2913.07

15.61

16.69

17.35

16.45

15.16

14.2414.45

14.3014.50

14.59

15.21

15.9316.15

16.31

15.7516.09

16.5016.32

15.1414.88 14.96

12

13

14

15

16

17

18

19

20

Oct 11 Nov 11 Dec 11 Jan 12 Feb 12 Mar 12 Apr 12 May 12 June 12

THB

/kg

Benchmark range

Benchmark price (1 month in advance)

Average past price

Actual price

Benchmark

Price and policy information at country level



1

Country Highlights

NA

Policy+

AFGHANISTAN, Kabul (02 April 2012)Retail nominal prices

Data sources: Ministry of Agriculture, Irrigation and Livestock and World Food Programme (WFP).


- Wheat prices decreased following the 2011 seasonal harvest due to overall good harvests and lower export prices in the sub-region. Current prices are higher (+7 %) relative to the levels observed a year ago.- Chicken prices have been gradually increasing since early 2011, but have remained largely stable since mid-February 2012. Over the past week, chicken prices dropped by 4 percent from the previous week and were 27 percent above the prices observed a year ago.

0

30

60

90

120

150

Apr

11

May

11

Jun

11

Jul 1

1

Aug

11

Sep

11

Oct

11

Nov

11

Dec

11

2 Ja

n 12

9 Ja

n 12

16 Ja

n 12

23 Ja

n 12

30 Ja

n 12

06-F

eb-1

2

13-F

eb-1

2

20-F

eb-1

2

27-F

eb-1

2

05-M

ar-1

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12-M

ar-1

2

19-M

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2

26-M

ar-1

2

02-A

pr-1

2

AFA

/ kg

weekly data

Wheat Maize Rice (local) Chicken Cooking oil

Week of 2-Apr-12

Food item Market

Price (AFA/

kg) 1 w

eek

1 m

onth

3 m

onth

s

1 ye

ar

Rice local Kabul 36.0 0.0% -2.0% 1.4% 8.0%

Wheat Kabul 18.0 0.0% 0.0% -2.7% 6.9%

Maize Kabul 18.0 0.0% 0.0% -4.6% -10.0%

Chicken Kabul 135.0 -3.6% -6.1% 0.9% 26.6%

Cooking oil (AFA/Lt) Kabul 85.0 0.0% 0.0% -1.2% 8.1%

→ (+/-2%) stable ↑increase ↓ decrease

% change

2


Staple food prices in Dhaka market have remained stable over the past week. - Coarse rice prices have been stable over the past three months and were 16 percent below those observed a year ago.- Wheat �our prices dropped by 6 percent from the previous week and were 10 and 3 percent higher than the prices recorded three months a year ago, respectively.- Soybean oil prices were 19 percent above the levels observed a year earlier.

Country Highlights

Policy+

BANGLADESH, Dhaka (02 April 2012)Retail nominal prices

Data source: Ministry of Agriculture.


Rice government procurement during Aman season at 28 BDT/kg (preboiled) and 27 BDT/kg (white rice) from the domes-tic market progressed steadily towards its new enhanced target until 31 March. As of 22 March 2012, the procurement achieved 73 percent of the target (0.25 MMT out of 0.35 MMT). This policy measure intends to provide incentives to the farmers amid a continued fall in prices of both rice and paddy, which began on December 2011. (Fortnightly Foodgrain Outlook, 22 March 2012).

0

30

60

90

120

150

180

Apr

11

May

11

Jun

11

Jul 1

1

Aug

11

Sep

11

Oct

11

Nov

11

Dec

11

02-J

an-1

2

09-J

an-1

2

16-J

an-1

2

23-J

an-1

2

30-J

an-1

2

06-F

eb-1

2

13-F

eb-1

2

20-F

eb-1

2

27-F

eb-1

2

05-M

ar-1

2

12-M

ar-1

2

19-M

ar-1

2

26-M

ar-1

2

02-A

pr-1

2

BD

T / k

g

weekly data

Rice (coarse) Wheat (flour) Chicken boiler Soybean Oil

Week of 2-Apr-12

Food item Market

Price (BDT/

kg) 1 w

eek

1 m

onth

3 m

onth

s

1 ye

ar

Coarse rice Dhaka 28.5 0.0% -1.7% -1.7% -15.7%

Wheat flour Dhaka 31.0 -6.1% 1.6% 10.2% 2.9%

Chicken broiler Dhaka 155.0 0.0% 2.9% 14.3% -16.5%

Soybean oil (BDT/lt) Dhaka 124.5 0.0% 1.4% 0.4% 18.7%


% change

3


CAMBODIA, Phnom Penh (02 April 2012)Wholesale nominal prices


Staple food prices in Phnom Penh market have remained stable over the past week. - Rice prices (mix) fell by 10 percent in mid-March and were 25 percent below the prices observed 3 months ago. - Chicken prices increased by 4 percent over the past week and were 10 percent above the prices observed a year ago.

Country Highlights

`NA

Policy+

Data source: Ministry of Agriculture, Forests and Fisheries.

Week of 2-Apr-12 % change

Food item Market

Price (KHR/

kg) 1 w

eek

1 m

onth

3 m

onth

s

1 ye

arRice (mix)* Phnom Pehn 1,800 -10.0% -20.0% -25.0% 0.0%

Rice (Phkar Khney) Phnom Pehn 2,500 0.0% -10.7% -8.3% 8.7%

Rice (Neangminh) Phnom Pehn 2,200 0.0% 10.0% 10.0% 7.3%

Chicken Phnom Pehn 24,000 4.3% 4.3% 2.1% 10.3%

Soybean oil Phnom Pehn 6,500 0.0% -2.3% -4.4% 0.0%

* Most recent price data available from 19-Mar-2012


0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

Apr

i 11

May

11

Jun

11

Jul 1

1

Aug

11

Sep

11

Oct

11

Nov

11

Dec

11

09-J

an-1

2

16-J

an-1

2

23-J

an-1

2

30-J

an-1

2

06-F

eb-1

2

13-F

eb-1

2

20-F

eb-1

2

27-F

eb-1

2

05-M

ar-1

2

12-M

ar-1

2

19-M

ar-1

2

26-M

ar-1

2

02-A

pr-1

2

KH

R /

kg

Weekly data

Rice (mix)* Rice milled (Phkar Khney) Rice (Neangminh) Soybean

4

CHINA, Beijing (26 March 2012)Retail and wholesale nominal prices



Staple food prices in Beijing market have remained stable since early 2011. During early March rice prices edged downward and currently are over 2 percent below the prices observed three months earlier. - After a one time drop (-7%) in late-February chicken prices have remained unchanged since early March.- Soybean oil prices were 3 percent above the levels a year earlier.

Country Highlights

The Ministry of Health amended a food safety law, including regulations on the use of nutrition-enhancing food supple-ments. It will come into e�ect on 01 January 2013. Nutrition-enhancing food supplements include a variety of micronutri-ents and are added to food to enhance nutritional absorption and prevent diseases (Xinhua, 02 April 2012).

Policy+

Data source: Beijing Municipal Bureau of Grain.

Week of 26-Mar-12

Food item Market

Price (RMB/

kg) 1 w

eek

1 m

onth

3 m

onth

s

1 ye

ar

Non-Glutinous Rice Beijing 5.4 1.1% 0.0% -0.6% 1.3%

Fuqiang Wheat Flour Beijing 3.6 -0.5% 1.7% 1.1% 1.7%

Chicken (w) Beijing 14.0 0.0% -6.7% -6.7% -6.7%

Soybean oil RMB/lt Beijing 11.7 0.1% 0.5% 0.8% 2.8%

→ (+/-2%) stable ↑increase ↓ decrease (w) wholesale prices

% change

0

3

6

9

12

15

18

Mar

11

Apr

11

May

11

Jun

11

Jul 1

1

Aug

11

Sep

11

Oct

11

Nov

11

Dec

11

02 Ja

n 12

9 Ja

n 12

16 Ja

n 12

23 Ja

n 12

30 Ja

n 12

06-F

eb-1

2

13-F

eb-1

2

20-F

eb-1

2

27-F

eb-1

2

05-M

ar-1

2

12-M

ar-1

2

19-M

ar-1

2

26-M

ar-1

2

RM

B /

kg

Weekly data

Rice (non-glutinous ) Wheat flour (Fuqiang) Chiken Soybean (RMB/lt)


5

- Corn prices increased by 17 percent during mid March and were almost 35 percent above prices observed a month earlier.- Cassava prices fell by 4 percent in early March and were 5 percent below those observed a year earlier.- After a sudden increase in December 2011, prices of dalo tausala (taro) have been �uctuating downwards and fell by 12 percent in mid March and were 6 percent below the prices registered a year earlier.

Country Highlights

Duties and VAT on any relief supplies sent from abroad were eliminated on 02 April 2012 (Government of Fiji, 02 April 2012).

Policy+

Fiji, National Average (12 March 2012)Retail nominal prices

Data source: Department of Agriculture.


0

1

2

3

Mar

11

Apr

11

May

11

Jun

11

Jul 1

1

Aug

11

Sep

11

Oct

11

Nov

11

Dec

11

02-J

an-1

2

09-J

an-1

2

16-J

an-1

2

23-J

an-1

2

30-J

an-1

2

13-F

eb-1

2

20-F

eb-1

2

27-F

eb-1

2

05-M

ar-1

2

12-M

ar-1

2

FJD

/kg

Weekly data

Corn Cassava Dalo-tausala/taro

Week of 12-Mar-12

Food item Market

Price (FJD/

kg) 1 w

eek

1 m

onth

3 m

onth

s

1 ye

ar

Corn National av 2.3 16.5% 33.7% 29.0% 4%

Cassava National av 0.8 -3.8% -2.5% -2.5% -5%

Dalo-tausala taro National av 1.0 -11.7% -9.8% -24.2% -6%

% change


6


Staple food prices in Delhi market have remained reasonably stable over the past year.- Rice prices and wheat prices are 4 and 3 percent above the prices registered a year ago, respectively.

Country Highlights

NA

Policy+

INDIA, Delhi (02 April 2012)Retail nominal prices

Data source: Ministry of Consumer A�airs and Public Food Distribution.


Week of 2-Apr-12

Food item Market

Price (INR/

kg) 1 w

eek

1 m

onth

3 m

onth

s

1 ye

ar

Rice New Delhi 24.0 0.0% 0.0% 0.0% 4.3%

Wheat New Delhi 16.0 0.0% 0.0% 0.0% 3.2%


% change

0

10

20

30

Apr

11

May

11

Jun

11

Jul 1

1

Aug

11

Sep

11

Oct

11

Nov

11

Dec

11

02-J

an-1

2

09-J

an-1

2

16-J

an-1

2

23-J

an-1

2

30-J

an-1

2

06-F

eb-1

2

13-F

eb-1

2

20-F

eb-1

2

27-F

eb-1

2

05-M

ar-1

2

12-M

ar-1

2

19-M

ar-1

2

26-M

ar-1

2

02-A

pr-1

2

INR

/ kg

Weekly data

Rice Wheat

7


INDONESIA, National Average (02 April 2012)Retail nominal prices


Staple food prices in Indonesia have remained relatively stable since mid 2011. However, rice prices showed an upward move-ment (+12%) over the past 12 months, and chicken prices were 12 percent below the levels observed three months ago.

Country Highlights

The Indonesian government will conduct a technical training session as part of the implementation of the Triangle Coopera-tion and the South-South Forum. Training in agriculture will focus on post-harvest technology for fruits and vegetables, with 18 participants representing countries such as Fiji, Bangladesh, Myanmar, Timor Leste, Cambodia, Algeria, Egypt, Sri Lanka, Malaysia, Iran, and Mexico (Antara, 04 April 2012).

Policy+

Data source: Ministry of Trade.

0

2,500

5,000

7,500

10,000

Apr

11

May

11

Jun

11

Jul 1

1

Aug

11

Sep

11

Oct

11

Nov

11

Dec

11

02-J

an-1

2

09-J

an-1

2

16-J

an-1

2

23-J

an-1

2

30-J

an-1

2

06-F

eb-1

2

13-F

eb-1

2

20-F

eb-1

2

27-F

eb-1

2

05-M

ar-1

2

12-M

ar-1

2

19-M

ar-1

2

26-M

ar-1

2

02-A

pr-1

2

IDR

/ kg

Weekly data

Rice (medium quality) Wheat flour Soybean (local)


Food item Market

Price (IDR/

kg) 1 w

eek

1 m

onth

3 m

onth

s

1 ye

ar

Rice (medium quality) National av 8,069 -0.1% -0.7% 0.7% 12.2%

Wheat flour National av 7,548 -0.2% -0.7% -0.8% 1.0%

Chicken National av 24,376 0.2% -5.4% -12.0% 4.9%

Soybean (local) National av 8,904 -0.1% -0.1% -0.4% 1.9%


8


LAO PDR, Vientiane (26 March 2012)Retail nominal prices


Staple food prices in Vientiane market have remained stable since mid 2011. Still, rice (ordinary) prices were 13 percent below the levels a year earlier. Beef and chicken prices were 22 and 20 percent higher than the prices observed a year ago. Pork prices were 6 percent below the levels observed three months earlier but 12 percent above the prices registered a year ago.

Country Highlights

The Government of Lao announced that China is the second largest foreign investor after Viet Nam, particularly in the area of agribusiness growing bananas, sweet corn and cassava (Lao National Portal, 04 April 2012).

Policy+

Data source: Ministry of Industry and Commerce.

0

2,000

4,000

6,000

8,000

10,000

Feb

11

Mar

11

Apr

11

May

11

Jun

11

Jul 1

1

Aug

11

Sep

11

Oct

11

Nov

11

Dec

11

02-J

an-1

2

09-J

an-1

2

16-J

an-1

2

23-J

an-1

2

30-J

an-1

2

06-F

eb-1

2

13-F

eb-1

2

20-F

eb-1

2

27-F

eb-1

2

05-M

ar-1

2

12-M

ar-1

2

19-M

ar-1

2

26-M

ar-1

2

LAK

/ kg

Weekly data

Rice (glutinous 2nd quality) Rice (ordinary 2nd quality)

Week of 26-Mar-12 % change

Food item Market

Price (LAK/

kg) 1 w

eek

1 m

onth

3 m

onth

s

1 ye

ar

Rice glutinous Vientiane 7,000 0.0% 0.0% 0.0% 0.0%

Rice ordinary Vientiane 7,000 0.0% 0.0% 0.0% -12.5%

Beef (2nd quality) Vientiane 45,000 0.0% 0.0% 18.4% 22.4%

Pork (2nd quality) Vientiane 32,000 0.0% 0.0% -5.9% 12.3%

Chicken Vientiane 45,000 0.0% 0.0% 0.0% 20.0%


9


MYANMAR, Yangon and Mandalay (02 April 2012)Wholesale nominal prices


- Rice prices were 21 percent below the levels observed in 2011.- Wheat prices fell by 4 percent over the past week and were 6 percent higher than those observed a year earlier.- Maize prices showed an upward trend over the past year (+25%).- Palm oil prices were 27 percent below the record high prices observed a year ago.

Country Highlights

According to a media report, a managed �oating exchange rate was adopted on 01 April, allowing market forces to determine the value of the kyat (MMK) while leaving room for the central bank to in�uence its value (Myanmar Times, 30 March 2012).

Policy+

Data source: E-Trade Myanmar.

0

500

1,000

1,500

2,000

2,500

Apr

11

May

11

Jun

11

Jul 1

1

Aug

11

Sep

11

Oct

11

Nov

11

Dec

11

02-J

an-1

2

09-J

an-1

2

16-J

an-1

2

23-J

an-1

2

30-J

an-1

2

06-F

eb-1

2

13-F

eb-1

2

20-F

eb-1

2

27-F

eb-1

2

05-M

ar-1

2

12-M

ar-1

2

19-M

ar-1

2

26-M

ar-1

2

02-A

pr-1

2

MM

K/k

g

Weekly data

Rice (Manawthukha FQ) Maize Wheat (Monywa Origin)Groundnut oil (Special) Soybean (Theik pan) Palm oil


Food item Market

Price (MMK/

kg) 1 w

eek

1 m

onth

3 m

onth

s

1 ye

arRice (Manawthukha FQ) Yangon 279 -1.8% -3.0% 0.0% -20.5%

Wheat (Monywa Origin) Mandalay 438 -4.3% -8.2% -4.9% 5.7%

Maize Mandalay 200 0.6% -2.5% 4.3% 25.2%

Groundnut oil (Special) Yangon 2,225 0.0% 4.5% 6.5% -1.0%

Soybean (Theik pan) Yangon 456 0.5% 0.2% 6.2% -15.8%

Palm oil Mandalay 1,200 7.1% 13.5% 14.9% -27.4%


10



Staple food prices in Karachi market remained stable over the past week. Rice (basmati) prices were 26 percent above the prices observed a year ago.

Country Highlights

NA

Policy+

PAKISTAN, Karachi (02 April 2012)Retail nominal prices

Data source: Pakistan Bureau of Statistics.

0

15

30

45

60

75

Apr

-11

May

-11

Jun-

11

Jul-1

1

Aug

-11

Sep-

11

Oct

-11

Nov

-11

Dec

-11

02-J

an-1

2

09-J

an-1

2

16-J

an-1

2

23-J

an-1

2

30-J

an-1

2

06-F

eb-1

2

13-F

eb-1

2

20-F

eb-1

2

27-F

eb-1

2

05-M

ar-1

2

12-M

ar-1

2

19-M

ar-1

2

26-M

ar-1

2

02-A

pr-1

2

PK

R/ k

g

Weekly data

Rice (basmati) Rice (IRRI) Wheat Wheat (flour)


Food item Market

Price (PKR/

kg) 1 w

eek

1 m

onth

3 m

onth

s

1 ye

ar

Rice (basmati) Karachi 61.5 0.0% 0.0% 3.1% 25.8%

Rice (IRRI) Karachi 46.0 0.1% 1.3% 1.5% 10.1%

Wheat Karachi 27.6 -0.1% 0.4% 0.2% 5.4%

Wheat flour Karachi 31.0 -0.1% 0.7% 0.8% 2.3%


11


PHILIPPINES, National average and Metro Manila (02 April 2012)Retail nominal prices


Country Highlights

Policy+

Data source: Department of Agriculture.

Overall, prices of staple food commodities have remained largely stable since early 2011. - Rice (well milled) and corn prices were 2 and 6 percent above the levels observed a year earlier.

The new value-added tax (VAT) refund scheme was approved. It will monetarize the tax credit certi�cates. The main bene�ciaries of this scheme are exporters. The 2012 national budget allocated PHP 9 billion (US 210.7 million) for the �rst-year implementation (O�cial Gazette, 02 April 2012).

0

10

20

30

40

Mar

11

Apr

11

May

11

Jun

11

Jul 1

1

Aug

11

Sep

11

Oct

11

Nov

11

Dec

11

02-J

an-1

2

09-J

an-1

2

16-J

an-1

2

23-J

an-1

2

30-J

an-1

2

06-F

eb-1

2

13-F

eb-1

2

20-F

eb-1

2

27-F

eb-1

2

05-M

ar-1

2

12-M

ar-1

2

19-M

ar-1

2

26-M

ar-1

2

PH

P /

kg

Weekly data

Rice (regular milled) National av Rice (well milled) National av Corn (white) National av


Food item Market

Price (PHP/

kg) 1 w

eek

1 m

onth

3 m

onth

s

1 ye

arRice (regular milled)* National av 31.9 0.0% 1.2% 0.7% 2.0%

Rice (well milled)* National av 35.2 0.2% 0.5% 0.4% 1.8%

Corn (white)* National av 19.6 0.0% -0.3% 1.0% 5.6%

Rice (regular milled) Metro Manila 30.0 0.0% 0.0% 0.0% 0.0%

Rice (well milled) Metro Manila 35.0 0.0% 0.0% 0.0% 0.0%

* Most recent price data available from 26-Mar-2012


12


Overall, staple food prices have remained largely stable over the past week, except for pork prices that increased by 3 percent.- Rice prices (5% brokens) were 2 percent above the levels observed three months ago but at the same level from those prices observed year ago. - Chicken and pork prices were 23 and 11 percent below the levels observed in the same period in 2011, respectively.- Soybean oil prices are 6 percent above those observed a year ago.

Country Highlights

According to USDA, the o�-season Paddy Pledging Programme took delivery of a total of a total of 6.8 MMT of paddy as of 26 March 2012. The Government expects that the programme will pledge around 8 MMT of paddy (5.3 MMT milled equivalent), accounting for 72 percent of the total o�-season production. Presently, the Government is holding total intervention stocks of around 7.6 MMT milled equivalent, of which 2 MMT are old-crop intervention stocks, and 5.6 MMT are from the 2011-12 crop (Global Agricultural Information Network-USDA, 27 March 2012).

Policy+

THAILAND, Bangkok (02 April 2012)Retail nominal prices


Data source: Ministry of Trade.

0

50

100

150

200

Apr

11

May

11

Jun

11

Jul 1

1

Aug

11

Sep

11

Oct

11

Nov

11

Dec

11

02-J

an-1

2

09-J

an-1

2

16-J

an-1

2

23-J

an-1

2

30-J

an-1

2

06-F

eb-1

2

13-F

eb-1

2

20-F

eb-1

2

27-F

eb-1

2

05-M

ar-1

2

12-M

ar-1

2

19-M

ar-1

2

26-M

ar-1

2

02-A

pr-1

2

THB

/ kg

Weekly data

White rice 100% White rice 5% Chicken meat Pork tenderloin Soybean oil


Food item Market

Price (THB/

kg) 1 w

eek

1 m

onth

3 m

onth

s

1 ye

ar

White rice 100% Bangkok 28.67 0.0% 0.0% 0.0% 0.0%

White rice 5% Bangkok 24.67 0.0% 0.0% 2.1% 0.0%

Chicken Bangkok 67.5 0.0% -10.0% -18.2% -23.2%

Pork tenderloin Bangkok 122.5 3.4% -2.0% -6.7% -10.5%

Soybean oil (Baht/lt) Bangkok 55.0 0.0% 0.0% 3.5% 5.7%



13


- Rice prices were 4 percent below the levels observed a year ago.- Maize prices were 21 percent above the levels observed a year earlier.- Pork prices were 28 percent lower than the peak in August 2011.

Country Highlights

NAPolicy+

VIET NAM, Hanoi (02 April 2012)Retail nominal prices

Data source: Ministry of Agriculture and Rural Development.

0

12,000

24,000

36,000

48,000

60,000

72,000

Mar

-11

Apr

-11

May

-11

Jun-

11

Jul-1

1

Aug

-11

Sep-

11

Oct

-11

Nov

-11

Dec

-11

2 Ja

n 12

9 Ja

n 12

16 Ja

n 12

30 Ja

n 12

06-F

eb-1

2

13-F

eb-1

2

20-F

eb-1

2

27-F

eb-1

2

05-M

ar-1

2

12-M

ar-1

2

19-M

ar-1

2

26-M

ar-1

2

02-A

pr-1

2

VD

N/k

g

Weekly data

Rice (ordinary) Maize Pork


Food item Market

Price (VND/

kg) 1 w

eek

1 m

onth

3 m

onth

s

1 ye

ar

Rice ordinary Hanoi 13,100 -1.1% -0.3% -5.0% -4.3%

Maize Hanoi 10,000 0.0% 8.1% 11.1% 21.2%

Pork Hanoi 54,000 -1.8% -12.1% -15.8% -4.0%


Disclaimer and Acknowledgements The Asia Paci�c Weekly Price Monitor is prepared by the FAO Regional O�ce for Asia and the Paci�c with information from o�cial and uno�cial sources.Conditions can change rapidly and information may not always represent the current food price situation as of the present date . None of the country reports should be regarded in any way as statements of governmental views. The designations employed and the presentation of material in this newsbulletin do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations concerningthe legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. This report has beenproduced with �nancial assistance from the European Union. The contents of this publication are the sole responsibility of the authors and can in no waybe taken to re�ect the views of the European Union.

The support of FAO Country O�ces, FAO's Food and Agriculture Policy Decision Analysis (FAPDA) and the European Union through the EC-FAO FoodSecurity Programme “Linking information and decision-making to improve food security in selected countries of the Greater Mekong Subregion”are gratefully acknowledged for their contributions.

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