Global food prices see first uptick in five months
The benchmark global food commodity index increased for the first time in five months, driven by higher cereal, meat and vegetable oil prices, according to the latest monthly report from the Food and Agriculture Organization (FAO) of the United Nations. The FAO Food Price Index (FPI) averaged 125.3 points in February, up 1.1 points (0.9%) from its...
Brazil’s corn production to dip slightly
Corn production for Brazil in marketing year 2025-26 is expected to decline by 2% from the previous year due to lower yields, though higher carryover from a strong 2024-25 harvest will support increased exports, according to a report from the Foreign Agricultural Service (FAS) of the US Department of Agriculture. The FAS revised its corn...
IGC: Bumper corn crop expected in 2025-26
With a bumper corn crop expected, the International Grains Council (IGC) forecasts global grains production in the 2025-26 marketing year at a record 2.373 billion tonnes. In its April Grain Market Report, the IGC revised its corn output projection to a record 1.274 billion tonnes, while forecasts for wheat and rice remained roughly the same...
India’s rice stocks reach record high
While its wheat stocks continue to drop, India’s rice stocks hit a record at the beginning of January, reaching eight times the government’s target, Reuters reported. Rice reserves totaled 60.9 million tonnes on Jan. 1, much higher than the target of 7.6 million tonnes. Wheat stocks were at 18.4 million tonnes, above the target of 13.8 million...