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The FAO Cereal Price Index averaged 110.2 points in June, down 4.0 points (3.5%) from May but still 2.9 points (2.7%) above its June 2025 level.
World wheat prices declined by 4.4%, as rapid harvest progress and strong supply prospects in the Black Sea region outweighed concerns over crop prospects in the United States of America and Australia. While recent rainfall eased risks in parts of Australia, El Niño-related dryness and higher input costs continued to weigh on production prospects. Additional downward pressure stemmed from a stronger United States dollar and softer energy markets amid expectations of reduced tensions around the Strait of Hormuz.
World maize prices also fell by 6.2%, reflecting prospects of ample supplies in exporting countries in South America, alongside declining crude oil prices that weighed on biofuel demand.
Among the other coarse grains, international prices of barley and sorghum fell by 3.4% and 7.7%, respectively, underpinned by improved production outlooks and spillovers from weaker maize and wheat markets, which reduced the competitiveness of sorghum and barley as feed grains.
By contrast, the FAO All Rice Price Index increased by 3.2 percent in June 2026, as Asian demand for Indica rice strengthened, while weather concerns and elevated production, transport and marketing costs lent support to non-fragrant quotations.
July 3, 2026/ FAO.
https://www.fao.org
