Highlights
In June 2017, the average retail price of wheat and wheat flour decreased by 0.1% and 1.1%, respectively; the price of rice Irri-6 negligibly increased by 0.01% and the price of rice Basmati slightly increased by 1.6% from the previous month (May 2017);
Headline inflation based on the Consumer Price Index (CPI) negligibly decreased by 0.4% from May 2017, whereas it has increased by 3.93% from the same month last year (June 2016);
There were slight fluctuations in the prices of non-cereal food commodities compared to the previous month;
In June 2017, the average ToT slightly increased by 2.1% from the previous month;
In July 2017, the total global wheat production for 2017/18 is projected at 737.83 million MT, showing an decrease of 1.7 million MT compared to the projections made last month.