Africa-Press – Cape verde. The prices of basic foodstuffs on the world market recorded, in the week of April 14, a fall in wheat and sugar, while rice and corn showed an increase, soybean oil had a mixed behavior.
The information is contained in INFOSEmanal no 15/2025, published by the National Secretariat for Food and Nutritional Security (SUS), in view of the behavior of prices of basic food products on the international market.
According to the document, world wheat export prices showed a downward trend compared to the previous week in Russia, and the decline was driven by weaker domestic prices and reports of rain in regions previously affected by drought.
If in the European Union, the strong appreciation of the euro against the dollar aggravated “concerns about the competitiveness of exports”, in Argentina, prices remained stable.
“It was reported that despite flooded fields in some areas, the 2024/25 corn harvest made steady progress, with around 22% completed,” reads INFOSEmanal No. 15/2025.
Regarding rice, the bulletin indicates an upward trend, and, in Thailand, exchange rate movements and increased demand influenced the rise in prices.
In Vietnam, the approaching end of the winter/spring harvest and increased buying interest supported price appreciation.
Regarding soybean oil, world export prices registered a mixed trend. Prices fell by 0.3 percent (%) in Argentina, while in Brazil there was an increase of 0.6%.
According to the same source, sugar prices maintained the downward trend of the previous week.
In Brazil, the 2024/25 sugarcane harvest in the center-south region officially ended on March 31, with 621.88 million tons processed — a 5% drop compared to the previous cycle.
In India, according to the All India Sugar Trade Association (AISTA), the country exported 287,204 tonnes of sugar until April 8.
On the other hand, as the information bulletin progressed, corn export prices maintained their upward trajectory, and in the United States, the suspension of import tariffs for a period of 90 days and the weakness of the dollar contributed to the appreciation.
In Argentina, despite flooding in some areas, the 2024/25 corn harvest progressed by 22%. In Brazil, prices followed the US trend.
According to the same source, the forecast of better rainfall in India and the consequent prospect of good production put pressure on sugar prices. On the international market, corn maintained its upward trend, driven by the temporary suspension of import tariffs in the United States and the devaluation of the dollar, while sea freight prices remained stable compared to the previous week.
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