0
The FAO Cereal Price Index averaged 145.2 points in August, down 2.0 points (1.4%) from July, but still 14.8 points (11.4%) above its August 2021 value.
In August, international wheat prices fell by 5.1%, marking the third consecutive monthly decline, driven by improved production prospects, especially in Canada, the United States of America and the Russian Federation, and higher seasonal availability as harvests continued in the northern hemisphere as well as the resumption of exports from the Black Sea ports in Ukraine for the first time in over five months of interruption. Nevertheless, global wheat prices remained 10.6% above their values in August last year.
International prices of coarse grains increased marginally (+0.2%) in August and averaged 12.4% above their values a year ago. World maize prices firmed slightly, up 1.5%, largely influenced by lower production prospects in the European Union and the United States of America due to hot, dry conditions, while the resumption of exports from Ukraine prevented prices from increasing further. By contrast, global barley and sorghum prices decreased by 3.8% and 3.4%, respectively. The FAO All Rice Price Index held steady in August, as slight declines in quotations of the most widely traded Indica varieties compensated for mild price gains in other rice market segments.
September 2, 2022/ FAO.
https://www.fao.org
