Photo Credit: Flickr: Uwe Potthoff

The FAO Food Price Index rose again in June for the fifth consecutive month, based largely on surging sugar prices and more moderate increases for cereals, dairy, and meat. The 6.6 point increase represents the largest monthly movement in the last four years.

The Cereals Index rose 4.4 points from May, but remains 3.9 percent below June 2015 levels. Strengthened maize prices drove most of this month's increases, as tightening export supplies in Brazil caused prices to rise.

Photo Credit: Flickr: Elliot Scott

The latest FAO Food Price Index, released today, rose 3.2 points from April. This is the fourth consecutive month to see a slight increase in the Index; however, prices remain 7 percent below May 2015 levels.

The latest FAO Food Price Index was released this week, rising slightly from February but well below levels in March 2015. Sugar prices and vegetable oil prices rose sharply in March, but this change was offset by declines in dairy prices.

According to the February FAO Food Price Index released last week, food prices were steady in February but were 14.5 percent lower than in February 2015. The Cereal Price Index fell by 13.7 percent from a year before, led by a 1.5 percent decline in wheat prices due to slower trade activity and the expectation of large exports throughout the rest of the marketing season. Maize prices also fell in February, while rice prices rose slightly.

Photo credit: Flickr: McKay Savage

The FAO Food Price Index fell nearly 3 points in January, signaling a continued decrease in all of the commodities tracked by the Index and a decline of nearly 29 points from January 2015. This continued fall in prices is in part driven by the strong global supply highlighted in this month’s AMIS Market Monitor, along with an appreciating US dollar and lower global oil prices.

Crane hauling fertilizer. Photo Credit: Adam Cohn (flickr)

Global crop prices continued their fall in November according to the FAO Food Price Index and the AMIS Market Monitor, both released this week. Overall favorable production levels and high inventories, combined with a strong US dollar, have contributed to weakening prices. Meat prices saw the most dramatic fall last month, down 23 percent.

Sugarcane harvester in Brazil. Photo credit: flickr (John McQuaid)

The FAO Food Price Index averaged nearly 162 points in October, up 3.9 percent from the previous month. This was the sharpest increase since July 2012, but the index is still down 16 percent from this time last year.

Photo Credit: flickr (World Bank)

The Agricultural Market Information System (AMIS) organized a special event "Food Market Outlook - An AMIS Perspective for 2015/16" at Expo Milan on Monday, 19 October 2015. Leading experts from AMIS-participating countries presented the outlook for wheat, maize, rice and soybean markets and addressed questions from a live and virtual audience on topics including:

Dropping oil prices, concern over the global financial implications of economic slowdown in China, and higher than expected global yields for wheat, maize and rice are all contributing to the continued descent of crop prices, according to the September edition of the AMIS Market Monitor and the FAO Food Price Index, both released today.

BY: Joseph Glauber, IFPRI

The grains and oilseeds futures markets were down significantly following the release of USDA's August Crop Production and World Agricultural Supply and Demand Estimates (WASDE) reports.

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