World cereal prices rose 1.5% in December, according to the FAO index

Published 2024년 1월 10일

Tridge summary

The cereal price index registered a 1.5% increase in December compared to November, but was still 16.6% below the value from a year ago. Wheat export prices rose due to weather-related disruptions and tensions in the Black Sea, while global corn prices also increased due to concerns over second-crop planting in Brazil and logistical constraints from Ukraine. Overall, the FAO food price index for all types of rice rose 1.6% in December, with decreases in some categories being offset by increases in others. The overall FAO food price index was 1.5% below its target level in December, with declines in sugar, vegetable oils, and meat prices more than offsetting dairy products and grains.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

The cereal price index prepared by the Food and Agriculture Organization of the United Nations (FAO) registered an average of 122.8 points in December, that is, 1.5 more than in November and a 16.6% below the value reached a year ago. After falling for four consecutive months, wheat export prices rose in December following weather-related logistical disruptions in some major exporting countries and tensions in the Black Sea amid strong demand. Global corn prices also rose in December, amid concerns over second-crop planting in Brazil and logistical constraints hampering shipments from Ukraine. As for other coarse grains, world prices for barley increased, while those for sorghum decreased. In December, the FAO price index for all types of rice rose 1.6% from the November level. Indica rice prices explain this increase, as they rose in response to purchases by some buyers in Asia and less competition among exporters. World food prices The food price index prepared by the Food and ...

Source: Agropopular