Sugar quotations remained, nonetheless, more than 30 percent above their ranges in the corresponding interval of last yr, underpinned by issues over tight international provides in 2020/21. The current month-to-month decline in international sugar price quotations was triggered by prospects of large exports from India, regardless of persisting logistical constraints. Upward pressure on prices as a result of robust import demand, significantly from China, and will increase in crude oil quotations prevented extra substantial value declines in recent weeks. » The FAO Cereal Price Index averaged 123.6 points in March, down 2.2 factors (1.7 {9b05dda05d1a6149e553980fd75ab86197b83a97fc3537936812639272beac2c}) from February, ending the eight-month rising development, but still 25.9 factors (26.5 {9b05dda05d1a6149e553980fd75ab86197b83a97fc3537936812639272beac2c}) above its March 2020 degree. Among major cereals, wheat export prices declined probably the most in March, falling 2.4 percent, nevertheless, they remained 19.5 p.c larger than in the identical month final yr.
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