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Commodity Prices Continue to Fall in February
The FAO Food Price Index continued its decline in February, falling marginally due to declines in cereal and vegetable oil prices. The February Index was down 10.5 percent from its 2023 level.
Food Prices Decline in January But Potential Shocks Remain
The FAO Food Price Index continued its decline in January, driven mainly by falling cereal and meat prices. The January 2024 Index was 10.4 percent below its January 2023 level.
FAO Food price Index Declines in October, But Volatility in Some Markets Remains
Food prices continued to decline, albeit more slowly, in October, according to the latest FAO Food Price Index. The Index was down 0.5 percent from September and 10.9 percent from October 2022.
Food Price Index Stable in September But Rice Prices Remain a Concern
The FAO Food Price Index remained virtually unchanged month-to-month in September and almost 24 percent lower than the peak reached in March 2022.
Food Price Index Declined in August, While Rice Prices Spiked
The FAO Food Price Index fell by around 2 percent in August, driven by declines in cereal, vegetable oil, dairy, and meat indices. This decline placed the Index 24 percent below the peak seen in March 2022. The major exception was rice prices, which saw a significant increase in August.