FAO: Cereal price index declines in September

The FAO Cereal Price Index reached an average of 105.0 points in September, a drop of 0.6 points (0.6%) from August and 8.5 points (7.5%) below the level of September 2024. World wheat prices fell for the third consecutive month in September, largely due to suppressed international demand and confirmation of large harvests in the Russian Federation and other major producing countries in Europe and North America. Corn prices also fell, due to forecasts of abundant supply in exporting countries, Brazil and the United States, while the temporary suspension of grain export taxes in Argentina also weighed on corn prices. Among other minor grains, world barley and sorghum prices rose, with barley prices recording the third consecutive monthly increase. Meanwhile, the FAO ...