Tridge summary
Global wheat, corn, barley, and sorghum export prices experienced a decline in January due to factors such as strong competition among exporters, improved growing conditions, and increased supplies from recent harvests, particularly in the southern hemisphere and the USA. However, the FAO All Rice Price Index saw a rise of 1.2 percent, primarily driven by an increase in higher-quality Indica rice prices, attributed to strong deliveries from Thailand and Pakistan and additional purchases from Indonesia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
World wheat export prices fell in January as competition among exporters remained strong and the influx of recently harvested supplies to countries in the southern hemisphere. Corn export prices fell sharply month-on-month, reflecting improved growing conditions and the start of harvest in Argentina, as well as larger supplies in the United States of America following an upward revision to production estimates. Along with wheat and corn prices, global barley and sorghum prices also fell in January. Meanwhile, the FAO All Rice Price Index rose a further ...
Source: Gospodarz
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