The FAO Cereal Price Index rose 10%
The FAO Cereal Price Index averaged 168.4 points in August, representing a rebound of 6.5 points (4.0 percent) over July and of 15 points (10 percent) from August 2017.
"Wheat prices rose the most, by over 8 percent month-on-month, largely on tighter export availabilities in view of deteriorating crop prospects, especially in the EU and the Russian Federation," the message says.
International maize quotations also firmed, up by more than 3 percent from July, influenced by a slower pace in sales by Argentina and Brazil as well as the spill over from rising wheat values.
In the period from August 25 to August 31, 2018, Ukraine exported 557 thou. tons of main grain crops, which is 30% more than the previous week (427 thou. tons, taking into account the actualization of data).