The FAO Cereal Price Index averaged 150.6 points in February

02.03.2017

The FAO Cereal Price Index averaged 150.6 points in February, up 3.7 points (2.5 percent) from January. At this level, the Index stands at its highest level since June 2016, but only slightly (around 1.6 percent) above its value a year ago. Wheat quotations gained 3 percent on stronger pace in trade activities, combined with logistical issues in the US ports.

The increase in maize values was less significant, but strong demand kept prices firm. International rice prices firmed for the third successive month, mostly reflecting currency movements and expectations of stronger Basmati sales.

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