FAO Cereal Price Index up 8.9%

The FAO Cereal Price Index averaged 166.3 points in October, marking a rebound of 2.2 points (1.3%) from September and representing a 13.6 point (8.9%) year-on-year increase.

Among the major cereals, maize quotations from the United States firmed the most, supported by strong export sales.

"Wheat prices also averaged higher, driven by a tighter supply outlook especially in view of deteriorating crop prospects in Australia," the report says.

Earlier it was reported that by October 31, 2018, Ukraine had exported 13.29 million tons of grain, which is 75 thou. tons less than the indicator for the corresponding period of MY2017/18.

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