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The FAO Food Price Index rose by 1.1 percent in March, marking the second consecutive month of increases. Cereal and dairy prices drove the price increase, while the prices of sugar and vegetable oils fell slightly. The Index for March 2018 is 0.7 percent above its year-earlier level.

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The FAO Food Price Index remained steady in January and fell three percent from its January 2017 levels.

The Cereal Price Index rose almost 2.5 percent in January, reaching 6.3 percent above its year-earlier levels. The increase was driven mostly by wheat and maize prices; despite ample supplies, the price of these crops increase due to a weakening US dollar and concerns over weather. Strong demand from Asia also continued to drive up global rice prices in January.

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Despite a 3.3 percent decline in December, the FAO Food Price Index saw an overall increase for 2017 as a whole. The Index rose 8.2 percent from 2016 to reach the highest annual average seen since 2014. The increase was driven mainly by sharp increases in dairy and meat prices, but international cereal prices also experienced a modest increase in 2017.

The latest edition of the FAO Food Price Index saw a continued, albeit marginal, decline in November. The 0.5-percent decline was driven largely by a fall in dairy prices, which offset rising sugar prices. The Index remains 2.3 percent above its November 2016 level.

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Global commodity prices fell slightly in October, according to the latest FAO Food Price Index. Although prices remained higher at 176.4 points than their September levels, the Index is 27 percent below the all-time high seen in February 2011.

The Vegetable Oil Index fell by 1.8 points from September. Soy oil prices drove much of this decline, falling due to improved harvest prospects in the US and ample global supplies for 2017-2018.

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The latest editions of the FAO Food Price Index and AMIS Market Monitor are both now available for September.

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The most recent edition of the FAO Food Price Index rose to 179.1 points in July, up 3.9 points from June and 10.2 percent above July 2016 levels. This marks the third month of consecutive increase. Supply constraints and currency movements supported to cereal, sugar, and dairy prices. Meat values remained steady in July, while vegetable oil prices fell.

Photo Credit: Vinay Kumar/IFPRI

The latest FAO Food Price Index and AMIS Market Monitor were released earlier this month. The FAO Food Price Index is a measure of the monthly change in international prices of a basket of five food commodity groups; the monthly AMIS Market Monitor covers the international markets for wheat, rice, maize, and soy and provides an overview of the market situation and outlook for each of these crops.

The FAO Food Price Index continued its decline for the third month in a row, falling by 1.8 percent in April. The prices of all commodities covered by the Index declined in April, with the exception of meat; however, the Index remains 10 percent higher than its April 2016 level.

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