What's New

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.

Protectionist policies such as export restrictions are often used as an immediate response to spiking food prices and other food shocks, such as those posed by the COVID-19 pandemic. These policies are increasingly being recognized as detrimental to long-term global food security and can also have impacts for local food security, particularly for low-income and net food importing countries. However, a lack of real-time data makes it difficult for policymakers to see how these responses are truly impacting food markets within their countries.

Commodity prices continued to fall in June, according to the FAO Food Price Index, which declined 1.4 percent from its May level. This reflects at 23.4 percent drop from June 2022.

The FAO Food Price Index rose slightly in April; but remains almost 20 percent below its April 2022 level. Sharp increases in the price of sugar drove the majority of the month-to-month increase.

The FAO Food Price Index continued to decline in March, dropping by 2.1 percent from the previous month. The Index has fallen by almost 21 percent since March 2022.