The average value of the FAO Cereal Price Index () in June was 110.2 points, down 4 points (3.5%) from May. At the same time, the index remained 2.9 points (2.7%) higher than in June 2025.
Despite concerns about a potential decline in harvests in the United States and Australia, the rapid pace of the harvest and positive expectations regarding grain supplies from the Black Sea region were the main factors driving down global wheat prices.
The report notes that recent rainfall has partially improved the situation in certain regions of Australia. At the same time, El Niño-related drought conditions and rising costs of production inputs continue to negatively impact production forecasts.
Additional pressure on the market came from the strengthening of the U.S. dollar and falling energy prices amid expectations of easing tensions in the Strait of Hormuz.
Global corn prices fell by 6.2% in June due to expectations of ample supply from South American exporters, as well as lower oil prices, which dampened demand for biofuels.
Following corn and wheat, other feed crops also fell in price: barley by 3.4% and sorghum by 7.7%. This is attributed to improved harvest forecasts and a decline in the competitiveness of these crops in the feed market.
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