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Years 2014–2016 is 100. The FAO Food Price Index ( FFPI) is a food price index by the Food and Agriculture Organization (FAO) of the United Nations. It records the development of world market prices of 55 agricultural commodities and foodstuffs. The FFPI is considered an indicator of future inflation and cost trends in the food industry.
The Food and Agriculture Organization (FAO) Food Price Index 1961–2021 in nominal and real terms. The Real Price Index is the Nominal Price Index deflated by the World Bank Manufactures Unit Value Index (MUV). Years 2014–2016 is 100. Food prices refer to the average price level for food across countries, regions and on a global scale. [1]
The U.N. Food and Agriculture Organization's price index, which tracks the most globally traded food commodities, averaged 120.8 points in July, down from 121.0 in June.
During 2022 and 2023 there were food crises in several regions as indicated by rising food prices. In 2022, the world experienced significant food price inflation along with major food shortages in several regions. Sub-Saharan Africa, Iran, Sri Lanka, Sudan and Iraq were most affected. [ 1][ 2][ 3] Prices of wheat, maize, oil seeds, bread ...
The United Nations food agency's world price index fell in October to its lowest level in more than two years, driven by declines in sugar, cereals, vegetable oils and meat. The Food and ...
The FAO index hit a three-year low in February as food prices receded from a record peak set in March 2022 following Russia's invasion of Ukraine. The June reading was 2.5% down from a year ...
Years 2014–2016 is 100. The Food and Agriculture Organization of the United Nations[ note 1] ( FAO) is a specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security. Its Latin motto, fiat panis, translates to "let there be bread".
FAO also issued its first forecast for world cereal production in 2021, predicting output of nearly 2.821 billion tonnes -- a new record and 1.9% up on 2020 levels.