The FAO Food Price Index declined for a fifth consecutive month to 138 in August of 2022, reaching the lowest level in seven months, due to a broad-based fall in food cost. Cereal prices went down 1.4%, led by a 5.1% drop in international wheat prices on improved production prospects, especially in Canada, the US and Russia, higher seasonal availability as well as the resumption of exports from the Black Sea ports in Ukraine for the first time in over five months of interruption. Prices also declined for vegetable oil (-3.3%) as lower cost of palm, sunflower and rapeseed oils, more than offset higher soyoil quotations; dairy (-2%), namely butter and milk powders; meat (-1.5%), namely poultry; and sugar (-2.1%) which reached its lowest since July last year, due to an increase in the sugar export cap in India, and lower ethanol prices in Brazil. Despite the slowdowns of the previous months, the food price index is still 7.9% above its value a year ago. source: Food and Agriculture Organization of the United Nations

Food Price Index in World averaged 85.23 Index Points from 1990 until 2022, reaching an all time high of 159.70 Index Points in March of 2022 and a record low of 50.50 Index Points in May of 2002. This page includes a chart with historical data for World Food Price Index. World Food Price Index - data, historical chart, forecasts and calendar of releases - was last updated on September of 2022.

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World Food Price Index



Calendar GMT Actual Previous Consensus TEForecast
2022-08-05 08:00 AM Jul 140.9 154.3
2022-09-02 08:00 AM Aug 138 140.7
2022-10-07 08:00 AM Sep 138


Related Last Previous Unit Reference
Sugar Price Index 110.40 112.80 Index Points Aug 2022
Oils Price Index 163.30 168.80 Index Points Aug 2022
Meat Price Index 122.70 124.60 Index Points Aug 2022
Dairy Price Index 143.50 146.50 Index Points Aug 2022
Cereals Price Index 145.20 147.30 Index Points Aug 2022

World Food Price Index
The FAO Food Price Index (FFPI) is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices weighted by the average export shares of each of the groups over 2014-2016. The FFPI is calculated as the trade-weighted average of the prices of food commodities spanning the key agricultural markets for cereals, vegetable oils, sugar, meat and dairy products. While these commodities represent about 40 percent of gross agricultural food commodity trade (FAOSTAT), they are chosen for their high and strategic importance in global food security and trade.
Actual Previous Highest Lowest Dates Unit Frequency
138.00 140.70 159.70 50.50 1990 - 2022 Index Points Monthly
2014-2016=100

News Stream
World Food Prices at 7-Month Low
The FAO Food Price Index declined for a fifth consecutive month to 138 in August of 2022, reaching the lowest level in seven months, due to a broad-based fall in food cost. Cereal prices went down 1.4%, led by a 5.1% drop in international wheat prices on improved production prospects, especially in Canada, the US and Russia, higher seasonal availability as well as the resumption of exports from the Black Sea ports in Ukraine for the first time in over five months of interruption. Prices also declined for vegetable oil (-3.3%) as lower cost of palm, sunflower and rapeseed oils, more than offset higher soyoil quotations; dairy (-2%), namely butter and milk powders; meat (-1.5%), namely poultry; and sugar (-2.1%) which reached its lowest since July last year, due to an increase in the sugar export cap in India, and lower ethanol prices in Brazil. Despite the slowdowns of the previous months, the food price index is still 7.9% above its value a year ago.
2022-09-02
Food Prices Fall the Most since 2018
The FAO Food Price Index declined 8.6% month-over-month to 140.9 points in July 2022, the steepest fall since October 2018. Prices of cereals dropped 11.5%, led by a 14.5% decrease in wheat cost as seasonal availability from ongoing harvests increased and the agreement has been reached between Ukraine and the Russian Federation to unblock Ukraine’s main Black Sea ports. Also, the vegetable oil price index was 19.2% lower due to falling prices across palm, soy, rapeseed, and sunflower oils. At the same time, the cost of sugar went down 3.8%, the third consecutive monthly decline and reaching a five-month low. Looking further, prices of dairy decreased by 2.5% with quotations for skim milk powder declining the most, followed by those of butter and whole milk powder, principally reflecting lackluster market activities in Europe due to the summer holidays. The meat index went down 0.5%, the first month-on-month decline following six consecutive monthly increases.
2022-08-05
World Food Prices Continue to Ease
The FAO Food Price Index continued to decline for a third month running to 154.2 in June of 2022 from an upwardly revised 157.9 in May. Prices of cereals fell 4.1%, with wheat cost sinking 5.7% on seasonal availability from new harvests in the northern hemisphere, improved crop conditions in some major producers, including Canada, higher production prospects in Russia, and slower global import demand. Also, lower prices across palm, sunflower, soy and rapeseed oils pushed the vegetable oil price index 7.6% lower and cost of sugar went down 2.6% amid falling demand and as a weaker Brazilian real and lower ethanol prices in Brazil prompted producers to step up sugar production. Meanwhile, prices increased for meat (1.7%) with poultry quotations hitting an all-time high and prices of diary products rose 4.1%, with quotations for cheese increasing the most. Despite the recent slowdown, food prices remain close to record levels hit in March and are 23.1% higher than a year ago.
2022-07-08