The FAO Cereal Worth Index averaged 125.0 issues in October, down 1.3 issues (1.0%) from September and up to 27.3 issues (17.9%) from its price a yr in the past.
World wheat costs fell by way of 1.9% in October, reflecting normally higher-than-earlier-anticipated provides in the USA of The united states and robust pageant amongst exporters.
In contrast, world costs of coarse grains firmed marginally, expanding by way of 0.6% month-on-month. Thinning maize provides in Argentina positioned upward power on international maize costs, however this was once capped by way of larger seasonal provides in the USA of The united states, the place the harvest stepped forward, and robust export pageant from Brazil. Amongst different coarse grains, international sorghum costs rose in October, whilst barley costs fell.
World rice costs dropped by way of 2.0% month-on-month in October, weighed by way of normally passive international import call for.
November 3, 2023/ FAO.
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