Food Prices
Featured blog
Trade policy and food price volatility: Beggar thy neighbor or beggar thyself?
Recent shocks from the COVID-19 pandemic to the ongoing Russia-Ukraine war have disrupted global food and fertilizer supply chains—causing price spikes and increased price volatility—a disastrous combination for many vulnerable consumers around the world.
Concerns over wheat supplies and prices, plus the impact of biofuels on vegetable oil markets: Latest FAO Food Price Index and AMIS Market Monitor released
The FAO Food Price Index rose by nearly 1 percent in May due to increased cereal and dairy prices. It remained 3.4 percent below its May 2023 levels and nearly 25 percent below the peak seen in March 2022.
FEWS Net Gaza Update: Food Aid Increases in April But Food Supplies, Access Remain Low
Despite an increase in food aid delivered to the region, the food security situation in the Gaza Strip remains dire, according to an updated FEWS Net report released in late April.
Soaring cocoa prices: Diverse impacts and implications for key West African producers
Cocoa bean prices have been rising since the last quarter of 2023, hitting a record high of $10.97 per kilogram on April 19 (Figure 1). The price spike is due to a significant drop in bean production by major global suppliers—four key producing nations in West and Central Africa account for more than 60% of the world's supply of cocoa beans: Cote d’Ivoire (with 38% of the global production in 2022), Ghana (19%), Nigeria (5%), and Cameroon (5%).1
FAO Food Price Index Rises Slightly, But Remains Significantly Lower than April 2023
The FAO Food Price Index rose marginally in April but remained 7.4 percent below its April 2023 level. The slight increase was driven by rising meat, vegetable oil, and cereal prices.