FAO Cereal Price Index averaged 168.5 points in April

The FAO Cereal Price Index averaged 168.5 points in April, 1.7 percent (2.8 points) higher than in March and some 15.4 percent above its value in April 2017.

The Index has followed an upward trend for the fourth consecutive month, with prices of wheat and coarse grains gaining momentum in recent months.

In the case of wheat, weather-related risks, especially in the United States, and robust trade provided support to prices, while expectations of lower plantings in the United States, on the backdrop of drought-reduced production in Argentina, continued to push up international maize prices.

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