Sugar quotations remained, nevertheless, greater than 30 percent above their levels in the corresponding interval of final yr, underpinned by concerns over tight international supplies in 2020/21. The latest month-to-month decline in worldwide sugar value quotations was triggered by prospects of large exports from India, regardless of persisting logistical constraints. Upward pressure on costs due to strong import demand, particularly from China, and increases in crude oil quotations prevented extra substantial price declines in current weeks. ยป The FAO Cereal Price Index averaged 123.6 factors in March, down 2.2 points (1.7 {cae0d4aa2272560b1ec9c01ba5688d28def9672d676b47ca48dd2af67a4bd498}) from February, ending the eight-month rising pattern, however still 25.9 points (26.5 percent) above its March 2020 level. Among main cereals, wheat export costs declined the most in March, falling 2.four {cae0d4aa2272560b1ec9c01ba5688d28def9672d676b47ca48dd2af67a4bd498}, nonetheless, they remained 19.5 p.c greater than in the same month last yr.

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