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The Global Price Watch reports January 2020 staple food prices across Africa. West African rice prices are above average, while East African prices are high amid limited supply.
Southern African maize prices are rising through the lean season, and Zambia maintains an export ban.
Rising African staple prices and export restrictions can lift regional demand for maize and rice imports. This supports global grain prices at the margin.
reliefweb.intFeb 28, 2020After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% over 20.
After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
