FAO Cereal Price Index averaged 160.8 points in February

The FAO Cereal Price Index averaged 160.8 points in February, up 2.5% (4 points) from January and 6.8% from February 2017.

"The increase in February marked the second consecutive month of notably strong month-on-month rise in the value of the Index after a relatively stable period from August to December of last year. Grain prices were generally firmer in February, underpinned by a brisk trade activity and concerns over unfavourable weather adversely affecting the US winter wheat and Argentina’s maize growing regions," the report says.

Reference: Ukraine since the beginning of 2017/18, as of February 28, 2018, exported 26.94 million tons of grain, which is 2.29 million tons less than over the same period last year.

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