The average value of the FAO Cereal Price Index in November was 150.4 points, which is 1.9 points (1.3 percent) lower than the October figure, but 9.0 points (6.3 percent) higher than last year. This is stated in the FAO message. World wheat prices in November decreased by 2.8 percent, which is explained mainly by the extension of the […]
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The average value of the FAO Cereal Price Index in November was 150.4 points, which is 1.9 points (1.3 percent) lower than the October figure, but 9.0 points (6.3 percent) higher than last year. This is stated in the FAO message. World wheat prices in November decreased by 2.8 percent, which is explained mainly by the extension of the term of the Black Sea Grain Initiative. Compared to the previous month, world prices for fodder grains also decreased by 1.0 percent. The situation with the Black Sea Grain Initiative also affected corn prices, which showed a decrease of 1.7 percent in November, which was also helped by the recovery of shipping on the Mississippi River in the United States of America. Following corn prices, global sorghum prices fell (1.2 percent) in November, while barley prices rose 2.5 percent. World ...