The FAO Cereal Price Index averaged 111.3 points in December, relatively unchanged from the previous month and a contraction of 9.3% from the value recorded a year ago. year. Wheat export prices remained generally stable in December.
The downward trend due to reduced international demand and increased seasonal crop availability in Argentina and Australia was offset by higher prices due to poor winter growing conditions in the Russian Federation.
World corn prices increased slightly as a result of higher export sales and tighter supplies in the United States of America, which were accompanied by strong demand for corn Ukrainian.
Among other coarse grains, world prices of barley increased, while those of sorghum declined.
The FAO All Rice Price Index fell 1.2% in December, reflecting lower prices of Indica and fragrant rice due to a slowdown in demand.
In 2024, the FAO cereal price index stood at 113.5 points on average, a decrease of 13.3% compared to the 2023 level, which can be explained by a decline in wheat prices. and coarse grains and marks the second consecutive year of decline from the unprecedented levels of 2022.
-In 2024, the FAO price index for all types of rice reached an average of 133.1 points, an increase of 0.8% compared to 2023 and its highest nominal price in the last 16 years. This annual increase is based on Indica rice prices, as strong import demand from some countries in Asia and weakening competition between exporters have kept them at a high level during the first nine months of 2024 .
source: AOF
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