Food and Agriculture Organization of the United Nations

Global grain and vegetable oil prices fell slightly in April

The mean index of world market prices for Grains FAO in April 2022 amounted to 169,5 points, which is 0,7 points (0,4%) lower than in March, when it recorded its highest value since 1990. About this on may 6 reported the press service of the organization.

World feed grain prices, which rose to a record high in March, fell 1,8% in April, while the corn prices down 3% due to continued grain receipts from Argentina and Brazil. Global sorghum prices are also down 0,4% in April, while barley prices are up 2,5% as a result of the drop in supply. The worldwide wheat prices increased slightly in April – by 0,2%.

«The continued closure of ports in Ukraine and fears about the state of crops in 2022 in the USA have contributed to the maintenance of grain prices, with price increases held back by factors such as the increase in shipments from India, which were larger than previously expected, the volume of exports from Russia and the slight weakening of global demand due to high prices," the experts said.

The average price index for vegetable oils in April was 237,5 points, down 14,3 points (5,7%) from the record level recorded in March, but still well above the same period last year. This decline was due to a drop in world prices for palm, Sunflower oil- and Soybean oil attributed to the increase in rapeseed oil prices more than compensated.

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