Grain Prices Surge in May: What’s Driving Global Markets This Month.

Grain Prices Climb in May 2026 Despite Stable FAO Food Price Index

According to Novyny.live: In May 2026, global food markets saw a sharp rise in grain prices, even as the overall FAO Food Price Index held steady. The index averaged 130.8 points that month, dipping 0.2% from April. Still, the broader measure remained 2.9% higher compared to the same period last year. For context, the index hit an all-time record in March 2022, when it surged to 18.4% above previous levels.

Key Drivers and Consequences of the Price Spike

Meanwhile, the FAO Cereal Price Index climbed to 114.3 points in May, marking a 2.6% increase from April. Wheat prices have now risen for four consecutive months. As of June 10, 2026, a metric ton of wheat in Ukraine was priced at 9,959 hryvnias, while a ton of corn reached 10,334 hryvnias.

The surge in grain prices stems from several factors:

• strong import demand;
• reduced supply from Brazil and the United States;
• higher energy costs, which have boosted bioethanol production.

These forces continue to shape global agricultural markets, leaving consumers bracing for further shifts.

“Rising grain prices can significantly impact food security, especially in nations that rely heavily on grain imports.”

Higher prices could lead to increased costs for consumers and exacerbate challenges in accessing food. Amid global economic uncertainty, it is crucial to monitor ongoing changes in the grain market and their effects on both the agricultural sector and end users.