The FAO Cereal Price Index in September was up 1.5% from August and up 11.2% from the year-ago level.
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The FAO Cereal Price Index averaged 147.8 points in September, up 2.2 points (1.5%) from August and 14.9 points (11.2%) above its September 2021 value. FAO Cereal Price Index. Source: FAO. In September, international wheat prices rebounded by 2.2%, underpinned by heightened uncertainty about the Black Sea Grain Initiative's continuation beyond November and the potential impact on Ukraine's exports. Moreover, concerns regarding dry conditions in Argentina and the United States of America, as well as a fast pace of exports from the European Union on top of the bloc’s higher internal demand for wheat amid tighter maize supplies, provided further support to wheat prices. International prices of coarse grains rose marginally (+0.4%) again in September, with mixed price trends. World maize prices were nearly stable (+0.2%) as a strong United States dollar countered pressure from a tighter supply outlook with further downgraded production prospects in the United States of America and the ...
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