Retail Staple Food Prices AFGHANISTAN, Kabul

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1 AFGHANISTAN, Kabul Highlights (as of 25 July 211) The price of local rice remained stable from the previous week, and has remained largely stable over the past month. However, it is up 8 percent from three months earlier (April 211). Wheat prices rose by 2.7 percent over the past week, and are 12.9 percent higher than three months ago (April 211). They are currently 5.6 percent higher than one year ago, in July 21. Maize prices dropped notably by 4.2 percent from a week earlier. Chicken prices soared by 21.7 percent from the previous week. They are 47.4 percent higher than February Chicken 9 Cooking Oil Afs / kg 6 3 Local Rice Maize Wheat Jul 1 Aug 1 Sep 1 Oct 1 Nov 1 Dec 1 Jan 11 Feb 11 Mar 11 Apr 11 May 11 6 Jun 13 Jun 2 Jun 27 Jun 4 Jul 11Jul 18 Jul 25 Jul Rice (local) Maize Wheat Cooking oil Chicken SOURCE: Statistics and Marketing Information Office, Ministry of Agriculture, Irrigation and Livestock; and WFP Afghanistan According to media reports, the Government of Pakistan province Khyber Pakhtunkhwa (K P) has banned the export of eggs and other poultry items to Afghanistan following complaints regarding price hikes. The decision was taken at a recent meeting by the district administration to keep prices under control during the month of Ramadan, (World Poultry, 25 July 211).

2 BANGLADESH, Dhaka Highlights ht (as of 25 July 211) Prices of coarse rice have been unchanged over last week, and are 4.7 percent above the levels observed a year earlier (July 21). Wheat flour prices remain stable from the previous week, at a level 23.6 percent below the peak reached in January 211 and 15.9 percent above the levels observed a year ago (July 21). Following a 5 percent jump during the week of 19 July, chicken prices dropped by 6.4 percent over the past week. They remain 27.7 percent higher than the prices observed at the beginning of 211. Soybean oil prices remain nearly stable ( 1.35%), but they are more than 5.2 percent higher than a year earlier. 18 Taka / kg Soybean Oil Broiler Chicken Coarse Rice Wheat Flour Jul 1 Aug 1 Sep 1 Oct 1 Nov 1 Dec 1 Jan 11 Feb 11 Mar 11 Apr 11 May 11 6 Jun 13 Jun 2 Jun 27 Jun 4 Jul 11Jul 18 Jul 25 Jul Rice (coarse) Wheat (flour) Chicken boiler Soybean Oil SOURCE: Ministry of Food and Disaster Management As of 14 July, the public foodgrain stock stood at.98 MMT (74 for rice and 279 for wheat). In the first fortnight of the financial year 211/12, GoB imported 62,7 MT of rice. A year earlier, total imports of rice amounted to 3,6 MT. During 21/11, total imports of rice were 1.5 MMT, 81 percent financed by the government. The Government is planning to procure.6 MMT of Boro rice from the domestic market at 29 Tk/kg from early June until September. Last year, the Government began the Boro procurement on May 1st with a 1.2 million MT target bought at 25Tk/kg, /g,(fortnightly Foodgrain Outlook 19 July 211). According to the International Federation of Red Cross, the government has responded immediately to the disaster situation in the southeast coast by providing food assistance in cash and in kind (66 tonnes of rice). About 1, families (5, people) will benefit from the provision of food, as well as receive cash grants for emergency necessities; while 5, families (25, people) who suffer from loss of crops will benefit from package of supplementary food, and 3, families (15, people) will receive tarpaulin to improve their temporary shelters, (International Federation of Red Cross, 27 July 211).

3 BHUTAN Highlights (as of 27 June 211) Rice prices have been fairly volatile since the beginning of 211. Following an 8.3 percent jump in mid June, they dropped by 6.4 percent in the last week of June. At the end of June, rice prices were 9.5 percent below the prices observed a year earlier (July 21). Wheat prices have also been fairly volatile since the beginning of 211. At the end of May 211, they were 5.6 percent above the levels observed at the beginning of the year (January 211). 8 6 Rice Nu / kg 4 2 Wheat Jun-1 Jul-1 Aug-1 Sep-1 Oct-1 Nov-1 Dec-1 Jan-11 Feb-11 Mar-11 Apr-11 2 May 9 May 16 May 3 May 6 Jun 13 Jun 2 Jun 27 Jun Rice Wheat SOURCE: Department of Agricultural Marketing The Department of Livestock (DoL), Ministry of Agriculture and Forests (MoAF) is promoting goat and poultry farming (eggs and meat purposes) in villages under the One Geog Three Products (OGTP). This approach has been recently adopted by two additional villages: Sektana and Fentana. (Ministry of Agriculture and Forests, 21 July 211)

4 CAMBODIA, Phnom Penh Highlights (as of 25 July 211) Rice and maize prices have remained stable for the past two months, although the price of Phkar Khney milled rice is up nearly 9 percent from the beginning of May , 2,5 2, Phkar Khney Milled Rice Neangminh Rice Riel / kg 1,5 1, Maize 5 Mar-11 Apr-11 2 May 9 May 16 May 23 May 3 May 6 Jun 13 Jun 2 Jun 27 Jun 4 Jul 11Jul 18 Jul 25 Jul Milled Rice (Phkar Khney) 2,381 2,3 2,3 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 2,5 Rice (Neangminh) 2,21 2,5 2,1 2,1 2,1 2,1 2,1 2,1 2,1 2,1 2,1 2,1 Maize (No.2) 1,463 1,7 1,7 1,7 1,7 1,7 1,7 1,7 1,7 1,7 1,7 1,7 SOURCE: Agricultural Marketing Office According media reports, a new draft law on agricultural cooperatives will be ready to submit to the National Assembly this year, to enhance protection of farmers interests, (Agence Kampuchea Press, 26 July 211). According to a media report, rice export volumes quadrupled in the first half of the year compared to the period 21. Cambodia exported 8,442 tonnes worth US$45.68 million in the first six months, compared to 17,144 tonnes worth $13.43 million in the same period last year, (Phnom Penh Post, 8 July 211).

5 CHINA, Beijing ej Highlights (as of 13 June 211) No change in rice and wheat prices was reported. 6 Non Glutinous Rice 4 CNY / kg 2 Wheat Flour 18 Feb Feb 11 4 Mar 11 11Mar 11 11Apr Apr Apr 11 2 May 11 9 May May May 11 3 May 11 6 Jun Jun 11 Rice (non-glutinous) Wheat (flour) SOURCE: Beijing Municipal Bureau of Grain According to media reports, China will experience a satisfactory autumn grains harvest as the area sown with autumn grains increased by 46,7 hectares from the 21 level to 77 million hectares. The area sown with corn and mid season rice reached a 1 year record of 51 million hectares this year, with a year on year increase of more than 1 million hectares, (Commodity Online, 18 July 211). A top priority of the 12th Five Year Plan is the production of high yield, fine quality, efficient, environmental friendly and safe super rice. Under this group of policy actions, a national working conference on research and promotion of super rice took place in early July, (Ministry of Agriculture, 6 July 211).

6 Fiji, Suva Highlights (as of 14 Jul 211) Overall prices for reported staple food commodities have been volatile over the past year, and subject to weekly price swings. Corn prices declined by 4.9 percent from the previous week. Following soaring corn prices during the first half of June (86 percent), prices recovered somewhat, dropping by 37.5 percent in the last week of June. Prices are 39.3 percent higher compared to one year earlier (July 211). Prices of the main staple root crops, cassava and Dalo tausala taro spiked by 2.6 and 15.5 percent respectively. During the last week of June, cassava prices dropped by 18 percent, while taro prices rose by nearly 22 percent, possibly aligning with new government guidelines (see below). 6 Dollar / kg 4 2 Maize Dalo Tausala Taro SOURCE: Department t of Agriculture Jul-1 Aug-1 Sep-1 Oct-1 Nov-1 Dec-1 Jan-11 Feb-11 Mar-11 Apr-11 2 May 9 May 16 May 23-May 3-May 6-Jun 13-Jun 2-Jun 27-Jun 4-Jul 14-Jul Corn Cassava Dalo-tausala/taro Cassava Fiji has just completed its draft Aquaculture Fisheries Decree. Its main objective is to conserve, manage and develop aquaculture for long term sustainable use. (Fiji Focus, June 211) An announcement made by the government indicates that the price for the pink variety of dalo (Tausala) will be fixed at $1.2/kg for Grade 1, $.8/ kg for Grade 2 and $.4/kg for cassava and these prices would be adhered to by all buyers. A memorandum of understanding will be signed to formalise the agreement, enforcement mechanisms and disciplinary charges that would be laid on those who do not adhere to the minimum farm gate prices. (Fiji Focus, June 211)

7 INDIA, Delhi Highlights (as of 25 July 211) Rice and wheat prices remained stable over the past week, and have changed little since the beginning of the year. 3 Rice 2 kg Rupee / Wheat 1 Jul 1 Aug 1 Sep 1 Oct 1 Nov 1 Dec 1 Jan 11 Feb 11 Mar 11 Apr 11 May 11 6 Jun 13 Jun 2 Jun 27 Jun 4 Jul 11Jul 18 Jul 25 Jul Rice Wheat SOURCE: Ministry of Consumer Affairs Additional i Information According to media reports, the Empowered Group of Ministers meeting (EGoM) on 11 July gave an in principal approval to lift the ban on wheat exports. India achieved a record production of 241 MT foodgrains, especially for wheat, maize, pulses, and oilseed production. This figure is 5 MT more than the agriculture ministry s previous estimate, and is 23 MT higher than the previous 29 1 crop year, (The Hindu, India Express, and Business Standard 17 July 211). Accordingto a media report the Empowered group of ministers (EGoM) on food security has approved the draft food security According to a media report, the Empowered group of ministers (EGoM) on food security has approved the draft food security Bill, prepared by the food ministry in order to bring the legislation to Parliament during the monsoon session (1 August), (India Today, 11 July 211).

8 INDONESIA, national average Highlights (as of 25 July 211) Overall, staple food retail prices remained largely stable during the past week. Rice prices are 9.1 percent above the levels observed in September 21, which was the lowest level during the past year. Wheat flour prices are 1.4 percent above the prices observed in August 21. Edible oil prices are 7.9 percent above the prices observed in August , 9, Edible Oil Wheat Rupee / kg 6, 3, Medium Quality Rice Aug-1 Sep-1 Oct-1 Nov-1 Dec-1 Jan-11 Feb-11 Mar-11 Apr-11 May-11 6 Jun 13 Jun 2 Jun 27 Jun 4 Jul 11Jul 18 Jul 25 Jul Rice (medium quality) 6,685 6,655 6,793 7,122 7,328 7,432 7,151 7,44 7,38 7,8 7,11 7,13 7,15 7,184 7,232 7,294 7,347 Wheat flour 7,479 7,541 7,535 7,541 7,586 7,56 7,577 7,594 7,583 7,567 7,557 7,545 7,561 7,557 7,62 7,628 7,65 7,585 Edible oil (unpacked) 9,815 9,986 1,72 1,464 11,77 11,321 11,291 11,194 1,837 1,657 1,648 1,64 1,626 1,6 1,559 1,551 1,581 1,593 SOURCE: Ministry of Trade The government of Indonesia has taken anticipatory steps to secure food production ahead of Religious and National Holidays (HKBN) Ramadan supporting the activities of low cost market and bazaar Ramadan, performing operations on commodity markets soaring food prices, informing news about the availability of food to the public through the media, and by maintaining the smooth supply of fuel, giving priority to transport food distribution is smooth and disciplined road levies (Ministry of Agriculture, 26 July 211). The government announced that 35 thousand hectares will be prepared in order to achieve self sufficiency in sugar by 214 (Portal of the National Republic of Indonesia, 19 July 211)

9 LAO PDR, Vientiane Highlights (as of 25 July 211) Second quality glutinous rice prices have remained unchanged since November 21. Following nine months of stable prices, the price of ordinary second quality rice dropped by 7.5 percent from April 211 to May 211. During the end of May 211 the prices of rice (ordinary second quality) dropped by 12.5 percent and have remained unchanged since then. 1, 8, Rice (ordinary, 2 nd quality) 6, Rice (glutinius, 2 nd quality) Lak / kg 4, 2, Jul 1 Aug 1 Sep 1 Oct 1 Nov 1 Dec 1 Jan 11 Feb 11 Mar 11 Apr 11 May 11 Jun 11 4 Jul 11Jul 18 Jul 25 Jul Rice (glutinous 2nd quality) 6,25 7, 7,25 7,625 7, 7, 7, 7, 7, 7, 7, 7, 7, 7, 7, 7, Rice (ordinary 2nd quality) 8, 8, 8,25 8,75 8, 8, 8, 8, 8, 8, 7,4 7, 7, 7, 7, 7, SOURCE: Ministry of Industry and Commerce According to media reports, the damage from tropical storm Haima has reached about 7 billion kip. The storm destroyed more than 6, hectares of farmland throughout the country, and devastated critical infrastructure including roads, bridges, schools and hospitals. (Vientiane Times, 25 July 211) Floods, as a result of Typhoon Haima, affected up to six provinces in Lao PDR in late June, destroying crops and infrastructure and affecting over 37, people. (International Federation of Red Cross, 18 July 211) The Ministry of Agriculture and Forestry has prepared 5, tonnes of rice seeds, in addition to livestock vaccines and other medications for farmers as a response to the recent flooding situation. (Vientiane Times, 5 July 211) Food assistance in kind has been delivered by the US to Lao PDR: rice 1,46 MT and vegetable oil 1 MT. Donations are channeled through WFP and target more than 37, people in Khammuane, Savannakhet, Saravane, Sekong and Attapeu provinces with a three month food ration (WFP, 5 July 211).

10 Wholesale Staple Food Prices MYANMAR, Yangon and Mandalay Highlights (as of 25 July 211) Prices for rice and soybean remained unchanged during the past week. Maize prices are largely stable (.6%) from the previous week. Prices of wheat remain largely stable ( 1.1%) since the week before. After dropping for four consecutive weeks since early June, palm oil prices were largely l stable tbl (+.6%) last week, and are now 36.3 percent lower than the peak level observed in mid May 211. Groundnut oil prices increased by 2 percent from the previous week. 2,5 2 2, Kyat / kg 1,5 1, 5 MONTHLY DATA Mar-11 Apr-11 2 May 11 9 May May May 11 3 May 11 6 Jun Jun 11 2 Jun Jun 11 4 Jul 11 11Jul Jul Jul 11 Rice (Manawthukha FQ) Maize Wheat (Monywa Origin) i Groundnut oil (Special) 2,143 2,246 2,289 2,288 2,286 2,248 2,2 2,22 2,261 2,25 2,266 2,215 2,126 2,125 2,169 Soybean (Theik pan) Palm oil 1,552 1,653 1,691 1,634 1,747 1,361 1,357 1,411 1,318 1,253 1,197 1,14 1,1 1,119 1,112 SOURCE: E-Trade Myanmar According to a media report, the Ministry of Commerce lifted the import ban on of 15 different foodstuffs (originally imposed in 1995, but never enforced). The 15 items include alcoholic drinks, beer, juices, biscuits, cake, seasoning powder, waffles, chewing gum, tinned foods, chocolate, instant noodles and coffee mix. (Myanmar Times, 11 July 211)

11 NEPAL, Kathmandu Highlights (as of 2 June 211) Rice and wheat prices remain stable. 6 Rupee / kg 4 Wheat Flour Coarse Rice 2 Jun 1 Jul 1 Aug 1 Sep 1 Oct 1 Nov 1 Dec 1 Jan 11 Feb 11 Mar 11 Apr 11 2 May 9 May 16 May 23 May 3 May 6 Jun 13 Jun 2 Jun Rice (coarse) Wheat (flour) SOURCE: Market Watch (WFP, MoAC, FNCCI, CIPF)

12 PAKISTAN, Karachi Highlights (as of 18 Jul 211) Staple commodity prices have remained largely stable since the beginning of July Basmati Rice 45 IRRI Rice Rupee / kg 3 15 Wheat Flour Wheat Jul-1 Aug-1 Sep-1 Oct-1 Nov-1 Dec-1 Jan-11 Feb-11 Mar-11 Apr-11 May-11 6 Jun 13 Jun 2 Jun 27 Jun 4 Jul 11Jul 18 Jul Rice (basmati) Rice (irri) Wheat Wheat (flour) SOURCE: Bureau of Statistics According to a media report, farmers and traders are expecting a bumper crop of 6 to 6.5 million tonnes this year (Dawn.Com Business, 14 July 211). According to media reports, chicken prices have hit an all time high due to a shortage of supply blamed on higherthan usual mortality in the recent hot weather and illegal exports to neighbouring countries, (The Poultry Site, 12 July 211).

13 PHILIPPINES, Metro Manila Highlights (as of 25 July 211) Rice prices in the Philippines remained largely stable over the past week. Maize prices remained stable form the last week, and are 7.22 percent above the prices observed a year ago. 4 3 Well Milled Rice Regular Milled Rice Peso / kg 2 1 White Maize Jul 1 Aug 1 Sep 1 Oct 1 Nov 1 Dec 1 Jan 11 Feb 11 Mar 11 Apr 11 Mar 12 6-Jun 13-Jun 2-Jun 27-Jun 4-Jul 11-Jul 18-Jul 25-Jul Rice (regular milled) Rice (well milled) Maize (white) SOURCE: Bureau of Agricultural Statistics According to media reports, as soon as HB 466 (Farm Workers Protection Act of 211) becomes a law, owners of pineapple, sugarcane and other plantations in the country will be required to protect their workers and their families from the ill effects of pesticide use (Manila Standard Today, 26 July 211). The government has released the amended guidelines on the implementation of the Programang Agrikulturang Pilipino (School Gardening) (Government of Philippines, hl 11 July 211). The government is encouraging tobacco farmers to plant rice during the wet season in its bid towards rice self sufficiency. Government will distribute P2 million, (~US 4.5 million) in loans, with minimal interest rates. Under this scheme, 1,484 farmer associations are expected to use 1,242 hectares of tobacco land for rice planting purposes (Department of Agriculture, 3 July 211).

14 SAMOA, national average Highlights (as of April 211) Taro prices reached a peak in July 21 and have shown a downward movement since then up until April 211, when prices were 34.3 percent lower than the peak,. Taro Palagi prices dropped sharply from September to October 21. Prices have been volatile since the beginning of 211, and dropped by more than 5 percent from March to April 211. Ta amu prices have been volatile since June 21. Following a peak in February 211, they dropped nearly 2 percent in the subsequent two months. 6 4 Tala / kg 2 Apr-1 May-1 Jun-1 Jul-1 Aug-1 Sep-1 Oct-1 Nov-1 Dec-1 Jan-11 Feb-11 Mar-11 Apr-11 TARO TARO PALAGI TA'AMU COCONUT SOURCE: FAO Representative

15 SRI LANKA, Colombo Highlights (as of 11 Jul 211) Rice prices remained nearly stable ( 1.3%) during the previous week. Wheat prices remained unchanged over the past week. At the end of June 211, wheat and rice prices were higher than the prices observed a year ago by 17.5 percent and 14.3 percent, respectively. 9 Wheat Flour 6 Rupee / kg 3 White Rice Jul 1 Aug 1 Sep 1 Oct 1 Nov 1 Dec 1 Jan 11 Feb 11 Mar 11 Apr 11 May 11 6 Jun 13 Jun 2 Jun 27 Jun 4 Jul 11Jul Rice (white) Wheat (flour) SOURCE: Department t of Census and Statistics ti ti The Central Bank released a statement indicating the allocation of Rs. 3 billion (~ US 27 million) in a separate credit line named "Awakening North" exclusively designed for conflict affected businesses and Income Generating Activities in the Northern Province. The Bank has also introduced a special Credit Guarantee Scheme to promote development credit through Participating Financial Institutions (PFIs). Credit facilities have been made available for eligible persons under different activities in the Agriculture, Livestock, Fisheries, Small and Medium Sector Enterprises (SMEs) and micro businesses sectors. (Central Bank of Sri Lanka, 18 July 211) According to government reports, all restrictions imposed on fishing in northern Jaffna have been lifted from Saturday (9 July 211). Accordingly, fishermen are no longer required to obtain passes for fishing in the northern sea area (Web Relief, 11 July 211).

16 THAILAND, Bangkok Highlights (as of 25 July 211) Rice prices have remained largely stable in Thailand since April 211, and are at nearly the same level as last year at the same time. Chicken prices remain unchanged from last week, however, they have shown an upward trend since November 21 (+22.6%) after declining in the summer of 21. Pork prices soared by 6.9 percent after following a period of being largely stable since May 211. They have increased by 35.7 percent since the beginning of January 211. Soybean oil prices have been stable after rising sharply in early April. They are 23.6 percent above the price a year earlier Baht / kg 8 4 Jul-1 Aug-1 Sep-1 Oct-1 Nov-1 Dec-1 Jan-11 Feb-11 Mar-11 Apr-11 May-11 6 Jun 13 Jun 2 Jun 27 Jun 4 Jul 11Jul 18 Jul 25 Jul White rice 1% White rice 5% Chicken meat Pork tenderloin Soybean oil SOURCE: Department of Internal Trade (DIT) According to media reports, the rising pork prices due to epidemics, had lead to the reduction of pork supplies by 2% while farmers are forced to send small pigs to slaughterhouses, resulting in higher production costs. The Commerce Ministry had imposed a reference price of THB7 to ensure a fair deal for consumers. In late June, the Internal Trade department considered banning border exports of swine to neighbouring countries after finding a significant rise of such exports to cash in on higher retail prices. Nonetheless pork prices are expected to reduce by the end of this month with adequate supplies in the market (Financial Post, 2 July and The Pig Site 3 June/21 July 211).

17 VIETNAM, Hanoi Highlights (as of 18 July 211) Prices for rice and maize remain stable from last week. 15, 12, Rice (ordinary) Dong / kg 9, 6, 3, Maize M ar-11 Apr-11 2 M ay 11 9 M ay M ay M ay 11 3 M ay 11 6 Jun Jun 11 2 Jun Jun 11 4 Jul Jul Jul 11 Rice (ordinary) 13,688 13,688 12,75 13,75 13,125 13, 13,333 13,5 13,75 13,75 13,8 13,8 13,7 13,7 Maize 8, 8,25 8, 8, 8, 9, 9, 9, 9, 9, 9, SOURCE: AgroInfo, IPSARD According to media reports, the post harvest loss of rice in the Cuu Long (Mekong) Delta remains high, at 13.7 percent, or US$635 million for the year. (Viet Nam News, 5 July 211) According to media reports, sugar production soared by 29 per cent to 1.15 MT this sugarcane season. Output in the crop topped 16.4 MT, an almost 2 per cent rise, thanks to an average yield of 6.5 tonnes per hectare. (Viet Nam News, 18 July 211)