Agricultural, cereal, export prices up globally

Agricultural, cereal, and export price indices closed 3 per cent, 2 per cent, and 8 per cent higher respectively in the two weeks since April 6, World Bank's Food Security Update showed.  

The hike in the export price index was driven by a rise in coffee prices, which rose 11 per cent. 

Among the cereals, maize prices were up 4 per cent, wheat prices closed 1 per cent lower, while rice prices closed at the same level compared to two weeks ago. 

On a year-on-year basis, maize and wheat prices were 14 per cent and 36 per cent lower, respectively, while rice prices were 16 per cent higher. 

Compared to January 2021, maize and wheat prices were 31 per cent and 6 per cent higher respectively, while rice prices were 4 per cent lower, according to the Food Security Update.