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Ten years after the launch of AMIS and the Food Security Portal’s Excessive Price Variability Early Warning System, managing and reducing food price volatility remains a clear priority for global food security.

As reported earlier this month, global wheat prices declined slightly in June after 12 straight months of increases. The recent decline was based on favorable production prospects in several major producing regions, including Europe, India, and the Black Sea region. Wheat futures prices followed suit, dropping by 6 percent in June.

The FAO Food Price Index continued to surge in May, rising 4.8 percent from the previous month. Prices are now 38.9 percent higher than May 2020 and the highest seen since September 2011. This twelfth consecutive month of increases also brings the Index just 7.6 percent below the record highs of February 2011.

The FAO Food Price Index continued its 11-month climb in April, rising by 1.7 percent from March 2021. The Index also surged 30.8 percent above its April 2020 levels to reach its highest level seen since May 2014.

The FAO Food Price Index continued to rise in March for the tenth consecutive month. The Index increased 2.1 percent from February, bringing it to its highest value seen since June 2014. The rise was led by increased prices for vegetable oils, meat, and dairy. Cereal prices declined in March.

The FAO Food Price Index continued to climb for the ninth consecutive month. Food prices rose by 2.4 percent in February to reach the highest levels seen since July 2014.