Blog Category

Commodity Price Reports

Commodity Prices Continue to Fall in February

Mar 8th, 2024 • by Sara Gustafson

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.

FAO Food Price Index, AMIS Market Monitor See Reduction in Price Volatility

Dec 8th, 2023 • by S. Gustafson

The FAO Food Price Index remained stable in November, with increased vegetable oil, dairy, and sugar prices balanced by falling cereal and meat prices. The November 2023 Index was 10.7 percent below its 2022 level.

The Cereal Price Index decreased by 3 percent in November to reach nearly 20 percent below its November 2022 level. Maize prices fell most significantly in November due to increased sales in Argentina and higher seasonal supplies in the U.S. Wheat prices also fell, albeit less sharply, due to ongoing harvests in Russia. Rice prices remained stable in November.

Cereal, Vegetable Oil Prices Reached Record High in 2022: FAO Food Price Index

Jan 12th, 2023 • by S. Gustafson

The FAO Food Price Index continued its nine-month decline in December 2022, falling by an additional 1.9 percent. The decline was driven mostly by falling vegetable oil, cereal, and meat prices. However, overall in 2022, the Index was over 14 percent higher than its 2021 level, reflecting continued high prices driven by conflict, climate, and market concerns.

FAO Food Price Index Released

Dec 10th, 2022 • by S. Gustafson

The FAO Food Price Index held steady in November and was only 0.3 percent above its November 2021 level. Rising vegetable oil prices were checked by declines in cereal prices.