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The FAO Cereal Price Index averaged 112.6 points in February, rising by 0.8 points (0.7%) from January but remaining 1.2 points (1.1%) below its February 2024 level.
Wheat export prices increased month-on-month, driven by tighter domestic supplies in the Russian Federation, which constrained export volumes and shifted demand to other suppliers, adding upward pressure on global prices. Additional support to the price increases came from concerns over unfavorable crop conditions in parts of Europe, the Russian Federation and the United States of America.
World maize prices continued their upward trend in February, primarily due to tightening seasonal supplies in Brazil, worsening crop conditions in Argentina, and strong export demand for United States’ maize.
Among other coarse grains, world prices of barley and sorghum also increased.
By contrast, the FAO All Rice Price Index declined by 6.8 percent in February, as ample exportable supplies and weak import demand exerted downward pressure on prices.
March 7, 2025/ FAO.
https://www.fao.org
