The FAO Cereal Price Index in July decreased


The FAO Cereal Price Index averaged 148.1 points in July, down 8.8 points (5.6 percent) from June and 11 percent below the July 2015 level. Among the major cereals, maize values dropped sharply as weather conditions in the key growing regions of the United States proved more favourable than was predicted.

Wheat prices also fell in July mainly on very large world supplies and, in particular, prospects for abundant export availabilities from the Black Sea region. By contrast, rice prices strengthened somewhat, as dwindling availabilities underpinned Basmati and long-grain quotations.



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