Tridge summary
The FAO cereal price index stood at an average of 107.4 points in June, which is 1.6 points (1.5%) below the value recorded in May and 7.8 points (6.8%) below the value recorded a year ago.
World corn prices fell sharply for the second consecutive month, as a result of the seasonal increase in supply in Argentina and Brazil, which intensified competition among the main exporting countries. In June, world sorghum and barley prices also decreased. On the other hand, despite the impact of the harvest in the Northern Hemisphere, international wheat prices increased compared to the previous month, mainly due to concerns about weather conditions in some of the main producing areas, such as the Russian Federation and parts of the United States of America and the European Union (EU). The FAO price index for all types of rice fell 0.8%, due to weakening demand for indica rice varieties.
World corn prices fell sharply for the second consecutive month, as a result of the seasonal increase in supply in Argentina and Brazil, which intensified competition among the main exporting countries. In June, world sorghum and barley prices also decreased. On the other hand, despite the impact of the harvest in the Northern Hemisphere, international wheat prices increased compared to the previous month, mainly due to concerns about weather conditions in some of the main producing areas, such as the Russian Federation and parts of the United States of America and the European Union (EU). The FAO price index for all types of rice fell 0.8%, due to weakening demand for indica rice varieties.
Original content
The FAO cereal price index stood at an average of 107.4 points in June, which is 1.6 points (1.5%) below the value recorded in May and 7.8 points (6.8%) below the value recorded a year ago. World corn prices fell sharply for the second consecutive month, as a result of the seasonal increase in supply in Argentina and Brazil, which intensified competition among the main exporting countries. In June, world sorghum and barley prices also decreased. On the other hand, despite the impact of the harvest in the Northern Hemisphere, international wheat prices increased compared to the previous month, mainly due to concerns about weather conditions in some of the main producing areas, such as ...
Source: 3tres3
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