During the year, global wheat prices rose almost to a record high in 2008
Wheat
Published Jun 6, 2022
Tridge summary
FAO's grain price index averaged 173.4 points in May, up 3.7 points (2.2%) from April and 39.7 points (29.7%) higher in May 2021. year. International wheat prices are rising for the fourth month in a row, up 5.6% in May, an average of 56.2% above last year's value, and just 11% below the record high reached in March 2008. This is stated in the May report of the FAO. The rapid rise in wheat prices came in response to India's export ban amid concerns over crop conditions in several leading exporting countries, as well as declining production prospects in Ukraine due to the war. In contrast, international grain prices fell 2.1% in May, but remained 18.1% higher than a year ago. At the same time, slightly improved sowing conditions in the United States, seasonal deliveries in Argentina, and the inevitable beginning of Brazil. The main corn harvest has led to lower corn prices by 3.0%; however, they remained 12.9% higher than in May 2021.
Original content
FAO's grain price index averaged 173.4 points in May, up 3.7 points (2.2%) from April and 39.7 points (29.7%) higher in May 2021. year. International wheat prices are rising for the fourth month in a row, up 5.6% in May, averaging 56.2% above last year's value and just 11% below their March 2008 record. This is stated in the May report of the FAO. The rapid rise in wheat prices came in response to India's export ban amid concerns over crop conditions in several leading exporting countries, as well as declining production prospects in Ukraine due to the war. In contrast, international grain prices fell 2.1% in May, but remained 18.1% higher than a year ago. At the same time, slightly improved sowing conditions in the United States, seasonal deliveries in Argentina and the inevitable beginning of Brazil The main corn harvest led to a decrease in corn prices by 3.0%; however, they remained 12.9% higher than in May 2021. Similarly, international sorghum prices fell by 3.1% in May, ...
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