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The FAO Cereal Price Index averaged 144.8 points in February, up 4.2 points (3.0 percent) from January and 18.7 points (14.8 percent) from one year ago. In February, prices of all major cereals increased from their respective values last month.
World wheat prices increased by 2.1 percent, largely reflecting new global supply uncertainties amidst disruptions in the Black Sea region that could potentially hinder exports from Ukraine and the Russian Federation, two major wheat exporters. Coarse grain export prices also rose by 4.7 percent. World maize prices increased by 5.1 percent month-on-month, underpinned by a combination of continued crop condition concerns in Argentina and Brazil, rising wheat prices, and uncertainty regarding maize exports from Ukraine, a major exporter. Among other coarse grains, both sorghum and barley export prices firmed month-on-month as well, gaining 5.9 and 2.7 percent, respectively. International rice prices increased by 1.1 percent in February, primarily sustained by the appreciation of currencies of some exporters against the US dollar and strong demand for fragrant rice from Near East Asian buyers.
March 4, 2022/ FAO.
https://www.fao.org
