Tridge summary
The FAO Cereal Price Index increased by 1.0% in September compared to August, but was still 14.6% lower than a year ago. The increase was mainly driven by higher prices for secondary grains and corn, which rose due to strong demand from Brazil, slower sales in Argentina, and rising shipping prices in the US. Wheat prices continued to decline, supported by increased supplies in Russia. Rice prices decreased slightly due to low import demand and uncertainty surrounding restrictions on rice exports from India.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The FAO Cereal Price Index recorded an average of 126.3 points in September, an increase of 1.3 points (1.0%) compared to August, but standing at 21.6 points (14.6% ) below its value a year ago. This month's increase was led by a 5.3% increase in international secondary grain prices. After seven months of consecutive declines, international corn prices rose 7.0% in September, driven by a confluence of factors, including strong demand for products from Brazil, slower sales from farmers in Argentina and rising shipping prices due to to low water levels in the Mississippi River. in the United States of America. Among other secondary cereals, world sorghum prices also firmed in September, in line with corn price trends, while barley prices remained essentially stable. In contrast, international wheat prices continued to fall, dropping 1.6% month-on-month, supported by strong supplies in the Russian Federation, where production prospects were improved in September. The FAO Rice Price ...
Source: 3tres3
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