FAO's Cereal Price Index averaged 116.8 in October, down 5.5 points (4.5%) from September and 13.1 points (12.6%) below October 2025. World wheat prices fell after four months of gains, driven by weak international demand and improved output prospect

2026-11-06

FAO's Cereal Price Index averaged 116.8 in October, down 5.5 points (4.5%) from September and 13.1 points (12.6%) below October 2025. World wheat prices fell after four months of gains, driven by weak international demand and improved output prospects, notably in Argentina; expectations of eased Black Sea export constraints added downside, though ongoing Black Sea logistics disruptions limited the decline. International corn prices retreated from a three‑year high in September amid U.S. harvest pressure, anticipated ample supplies from major South American exporters, and renewed prospects of Black Sea easing. Barley and sorghum tracked wheat and corn lower, with a favorite Australian crop further depressing barley. By contrast, the FAO Rice Price Index rose 1.6% in October 2026 as delayed harvests in some exporters, adverse weather and rising costs supported prices.

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