FAO Cereal Price Index Averages 116.8 Points in October, Down 4.5%

According to Jin10, the FAO Cereal Price Index averaged 116.8 points in October, down 5.5 points, or 4.5%, from September and 13.1 points, or 12.6%, below October 2025. World wheat prices fell after four consecutive months of gains, mainly reflecting subdued international demand and improved production prospects, especially in Argentina. Expectations of easing restrictions on Black Sea export shipments added downward pressure, while continued disruptions to Black Sea logistics limited the decline. International maize quotations also retreated after reaching a three-year high in September, amid price pressure from the U.S. harvest season, expectations of ample supplies from major South American exporters, and renewed prospects for easing tensions in the Black Sea region. Barley and sorghum quotations also fell in line with wheat and maize, while favorable crop prospects in Australia further weighed on barley prices. In contrast, the FAO Rice Price Index rose 1.6% in October 2026, as harvest delays in some rice-exporting countries, along with upward pressure from unfavorable weather and rising costs, pushed rice prices higher.