Africa-Press – Cape verde. The international market for basic food products registered a drop in prices for corn, soybean oil, and maritime freight between December 10th and 16th, 2025, while rice and sugar maintained an upward trend.
According to the bulletin from the National Secretariat for Food and Nutritional Security (SNSAN), corn prices fell due to good prospects for global supply and favorable weather conditions in the main producing countries.
In the United States, the pressure came from the ample availability of grains, while in Argentina and Brazil, the progress of sowing and planting contributed to the fall in prices.
In the case of wheat, prices showed mixed evolution, with a slight increase in Russia, associated with seasonal factors, and a decrease in the European Union, influenced by the appreciation of the euro.
Rice prices continued to rise, supported by concerns about supply, particularly in Thailand, affected by recent floods.
Soybean oil registered a reduction in prices, with drops close to 3% in Argentina and Brazil, reflecting expectations of good supply.
Conversely, sugar prices remained high, despite falling production in Brazil and warnings from India about financial difficulties in the sector.
SNSAN also says that the drop in maritime freight rates could have a positive impact on food import costs in the coming months.
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