0
The FAO Cereal Price Index averaged 107.5 points in January, up marginally by 0.2 points (0.2%) from December but remaining 4.4 points (3.9%) below its level a year earlier.
World wheat prices were broadly stable in January, declining by just 0.4% from December. Upward pressure stemming from strong export sales by Australia and Canada, along with weather concerns affecting dormant crops in the Russian Federation and the United States of America, was offset by an overall comfortable global supply situation. Expectations of good harvests in Argentina and Australia, together with high global stock levels, continued to exert downward pressure on prices.
International maize prices also continued their downward trend, easing by 0.2% from December. Although weather-related concerns over planting conditions in Argentina and Brazil, combined with strong ethanol demand in the United States of America, provided some price support, they did not offset the generally bearish market sentiment driven by ample global supplies.
Among other coarse grains, world barley prices recorded a modest increase, supported by robust demand for Argentinian supplies, while sorghum prices mirrored movements in the wheat market, easing slightly.
By contrast, the FAO All Rice Price Index increased by 1.8% in January 2026, reflecting firmer demand, especially for fragrant varieties.
February 6, 2026/ FAO.
https://www.fao.org
