The FAO Cereal Price Index averaged 147 points in January

03.02.2017
The FAO Cereal Price Index averaged 147 points in January, 4.8 points (3.4 percent) above December and representing a six-month high. International prices of all major cereals strengthened in January. Wheat values rose mostly on concerns over unfavourable weather hampering 2017 crops and the reported reduction in winter wheat area in the United States.
 
The firming of maize values largely reflected strong demand and uncertain crop prospects in South America. International rice prices also increased, amid expectations of a return of important buyers to the market, coupled with lower export availabilities in India as a result of ongoing state procurement.
 
 

Readers choice: TOP-5 articles of the month by UkrAgroConsult