date:Jun 11, 2019
se prices, reflected robust global import demand amid tight export availabilities from drought-ridden Oceania.
The FAO Cereal Price Index rose 1.4 percent, entirely driven by a sudden surge in maize price quotations in response to diminishing production prospects in the United States of America, where planting of the crop is off to the slowest pace ever recorded due to widespread flooding and rain. Wheat prices generally dipped, while those of rice held broadly steady.
The FAO Sugar Price Inde