date:Jan 08, 2021
ll, this is more than 25 percent below its historical 2011 peak.
The FAO Cereal Price Index rose 1.1 percent from November and for all of 2020 averaged 6.6 percent above the level of 2019.
Global conditions impact prices
Export prices for wheat, maize, sorghum and rice all rose in December, moving higher in part due to concerns over growing conditions and crop prospects in North and South America and Russia.
On an annual basis, rice export prices were 8.6 percent higher in 2020 than in 2019