The FAO Cereal Price Index in September decreased

07.10.2016

The FAO Cereal Price Index averaged 140.9 points in September, down 2.7 points (1.9 percent) from August and 8.9 percent below its year-earlier level. The decline in September marked the third consecutive month of decreases, largely due to ample global supplies, especially export availabilities.

This year’s record wheat production, coupled with an expected rebound in global rice production and above-average performance of coarse grains, maize in particular, have continued to weigh on cereal export quotations.


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