FAO cereal price index down in July

The FAO Cereal Price Index averaged 106.5 points in July, down 0.8 points (0.8%) from June and 4.2 points (3.8%) from July 2024. Global export prices of barley and maize rose, while those of sorghum and wheat declined.

Abundant seasonal supplies from ongoing winter wheat harvests in the northern hemisphere placed downward pressure on prices; however, below average conditions for spring wheat in parts of northern America, coupled with reluctant farmer selling in Europe and the Black Sea region, provided some support.

Slow farmer selling interest also weighed on international maize prices, as did dry conditions in Eastern Europe and parts of Ukraine and reduced export availabilities from Argentina and Brazil, due to export taxes and stronger domestic demand, respectively.

Meanwhile, the FAO All Rice Price Index fell by 1.8% in July 2025, as ample exportable supplies and lacklustre import demand continued to weigh on prices.