World maize prices remained broadly stable in January 2026, underpinned by ample global supplies, despite logistical constraints disrupting shipments from some export origins. Developments in global wheat prices were mixed, reflecting differing influences across major exporters, including winterkill risks, exchange rate movements, and the onset of new season harvests in the Southern Hemisphere. By contrast, international rice quotations increased, amid firmer demand, particularly for fragrant varieties. In the domestic markets monitored by FAO, prices of coarse grains continued to ease seasonally across West Africa in December 2025 and January 2026. Maize prices softened in most Central American and Southern African countries, amid adequate seasonal supplies, while price trends were mixed across South America. Wheat grain and flour prices were stable or decreased across South America and Eastern Europe, the Caucasus and Central Asia, supported by adequate domestic availability, but continued to increase in Pakistan where seasonal pressure was compounded by market disruptions from late 2025 floods and landslides. Rice prices followed divergent trends across South America and Far East Asia. Prices of coarse grains edged up in East Africa, with the sharpest monthly increases recorded in conflict-affected areas and in Somalia, amid concerns over a poor Deyr harvest. In the Near East, currency weakness underpinned domestic cereal price increases, particularly in the Islamic Republic of Iran, where prices attained record highs in January 2026.