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The FAO Cereal Price Index averaged 116.3 points in August, up 2.5 points (2.2%) from July and marking its highest level since May 2024. International cereal prices increased across all major grains in August, supported by robust demand, weather-related concerns over crop prospects in key producing regions, and continued uncertainty surrounding Black Sea export flows.
World wheat prices rose by 2.6% month-on-month, standing 15.0% above their year-earlier level, amid persistent disruptions to Black Sea export logistics, lower production prospects in parts of Europe following hot and dry weather, and a weaker United States dollar, which enhanced the competitiveness of dollar-denominated export supplies.
International maize prices increased by 2.5% from July, underpinned by mounting concerns over yield prospects in parts of the Corn Belt of the United States of America and deteriorating production prospects in the European Union due to prolonged heat and dryness, with additional support from strong demand from the ethanol and feed sectors and disruptions to Ukrainian export flows. Concerns over input supplies following the closure of the Strait of Hormuz provided additional support to maize prices.
World sorghum and barley prices also increased in August, up by 3.9% and 2.6%, respectively, broadly reflecting firmer conditions across feed grain markets.
Meanwhile, the FAO All Rice Price Index increased by 0.5% in August 2026, as a combination of currency movements, sustained purchases by Asian and African countries, and prospects of tighter supplies underpinned Indica quotations.
September 4, 2026/ FAO.
https://www.fao.org/
