The United Nations Food and Agriculture Organization (FAO) reported a decline in global cereal prices in recent months. The FAO's Cereal Price Index averaged 117.9 points in March 2026, reflecting a 2.1% decrease from February and a 15.3% drop from its peak a year earlier.
The decline is attributed to improved supply conditions for major cereals, including wheat, maize, and rice. Favourable weather and increased plantings in key exporting countries have led to robust harvest forecasts, easing market tightness.
Concurrently, import demand has softened in several regions, contributing to the downward price pressure. Analysts note that while prices have retreated from earlier highs, market stability remains sensitive to weather patterns and geopolitical developments affecting trade flows.
