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In January 2018, the FAO Food Price Index rose by 1.8 percent from its end-of-the-year levels. This increase was driven mainly by a sharp rise in dairy prices, as well as slighter increases in vegetable oil and sugar prices. The Index remained 2.2 percent below January 2017 levels, however.

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Global food prices in December 2018 declined from the levels seen in December of the previous year, according to the first FAO Food Price Index of the new year. For 2018 as a whole, the Index fell by about 3.5 percent from 2017 and by almost 27 from the all-time highs seen in 2011 during the global food price crisis. However, the price of all major cereal crops covered by the Index rose in 2018.

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The FAO Food Price Index declined somewhat in September, falling 1.4 percent from August to an average of 165.4 points. This represents a 7.4 percent decline from September 2017 levels.

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The FAO Food Price Index remained virtually unchanged in August, although cereal prices rose as a result of declining crop prospects. At 167.6 points, the Index is around 9 percent lower than its August 2017 levels.

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The FAO Food Price Index fell sharply in July, the largest such decline since December 2017. The Index dropped by around 3.7 percent month-to-month from June, as well as 3.7 percent from its July 2017 levels. The decline is driven by reductions across all sub-indices.

The Cereal Price Index fell 3.6 percent from June and 0.8 percent from July 2017. The price of wheat, maize, and rice declined in June, although maize and wheat prices crept back up toward the end of the month due to concerns over production prospects.

Rising trade tensions drove the FAO Food Price Index down slightly in June. The 1.3-percent decline represents the first month-to-month drop since the beginning of 2018.

The Cereal Price Index fell by 3.7 percent but remains almost 8 percent higher than its June 2017 level. In June, wheat and maize prices fell sharply as a result of trade tensions, despite poor production prospects in many areas. Rice prices, on the other hand, rose based on tight supplies for some varieties.

In May, the FAO Food Price Index reached its highest level since October 2017. This month’s increase was driven by dairy and cereal prices. The Index has risen continually in 2018.

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The FAO Food Price Index remained nearly unchanged in April; however, cereal and dairy prices continued to rise.

The Cereal Price Index rose 1.7 percent from March, reaching almost 16 percent higher than its April 2017 levels. This is the fourth consecutive month of such increases, which are being driven largely by weather-related fears for wheat and maize and government purchases in Indonesia and the Philippines for rice.

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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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