The FAO Grain Price Index average reached 150.4 points in November, which represents a decline of 1.9 points (1.3%) compared to October, but remains 9.0 points (6.3%) above its value a year ago.
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The FAO Grain Price Index average reached 150.4 points in November, which represents a decline of 1.9 points (1.3%) compared to October, but remains 9.0 points (6.3%) above its value a year ago . World wheat prices fell by 2.8% in November, mainly due to Russia's return to the Black Sea Grains Initiative and the extension of the agreement, subdued import demand in the United States due to uncompetitive prices and higher competitiveness in global markets with increased Russian exports. International prices for coarse grains also fell in November, with a decline of 1.0% compared to October. Corn prices were down 1.75% from October, also influenced by Black Sea Grain Initiative developments and improved shipping on the Mississippi River in the US which also weighed on prices. International sorghum prices dropped by 1.2% in November ...
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