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The FAO Cereal Price Index averaged 111.0 points in April, up 1.3 points (1.2%) from March but still 0.6 points (0.5%) below its year-earlier level. The monthly increase reflected higher prices across all major cereals.
Global wheat prices rose marginally, supported by tightening exportable supplies in the Russian Federation, steady export pace from some major exporters, and currency movements linked to a weaker United States dollar, particularly against the euro. However, trade policy developments and macroeconomic uncertainty limited the rise.
International maize prices also increased, largely due to seasonally tighter stock levels in the United States of America and currency movements. Adjustments to the United States’ import tariff policies – including the exemption of Mexico, the leading importer of US maize, and a 90-day pause on import tariffs above 10 percent for several other trading partners – further contributed to the upward price pressure.
Among other coarse grains, world prices of sorghum and barley also increased.
Meanwhile, the FAO All Rice Price Index increased by 0.8 percent in April, as demand for fragrant varieties strengthened and the arrival of freshly harvested supplies diminished in Viet Nam, as the country’s main crop harvest entered its final stage.
May 2, 2025/ FAO.
https://www.fao.org
