FAO Food Price Index

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 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.

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:

The FAO Food Price Index for May was released yesterday and is down 2.5 points from April, and nearly 7 points from May 2013. This is the second decline in a row, following the ten-month high reached in March. The decline is driven mostly by lower dairy, cereals, and vegetable oils prices.

Global food prices dropped slowly in April, led by sharp declines in dairy products, sugar, and vegetable oils, according to the latest FAO Food Price Index. The Index fell 1.6 percent from March.

By contrast, the Cereal Price Index rose in April by one point. However, cereal prices remain well below (10.3 percent below) their April 2013 levels. The Meat Price Index also rose in April, with pig meat prices rising and bovine meat prices near historic highs.