Sunday, 19 March 2017

Climate Change - Cereal Prices Have Surged to Record Levels in East Africa

Source: "FPMA (Food Price Monitoring and Analysis) Bulletin", FAO (Food and Agriculture Organization of the United Nations), 14th February 2017

"In East Africa, cereal prices continued to surge in January to near-record or record levels, as the output of the ongoing harvests was sharply reduced by a poor October-December rainy season. Pastoralists are reducing herd size due to lower water and pasture availability to mitigate potential losses and increase their ability to sustain the remaining animals. As a result of higher supplies of low quality animals in the market, livestock prices declined sharply."

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