The FAO Food Price Index fell for a 9th month to 132.4 in December 2022, the lowest since September 2021, from a downwardly revised 135 in November. Cereal costs went down 1.9% due to a fall in wheat export prices as ongoing harvests in the southern hemisphere boosted supplies and competition among exporters remained strong. World maize prices also eased. Prices for vegetable oils sank 6.7% driven by lower quotations across palm, soy, rapeseed and unflowerseed oils. Also, meat prices were down 1.2%, driven by lower world prices of bovine and poultry meats, partially counterbalanced by higher pig and ovine meat prices. On the other hand, dairy prices increased 1.1% after five months of consecutive declines, mainly due to cheese. Sugar cost also increased 2.4%, reaching its highest level in six months, mainly due to concerns over the impact of adverse weather conditions on crop yields in India. Considering full 2022, food prices increased 14.3%, following a 28.1% jump in 2021. source: Food and Agriculture Organization of the United Nations

Food Price Index in World averaged 85.73 Index Points from 1990 until 2022, reaching an all time high of 159.70 Index Points in March of 2022 and a record low of 50.50 Index Points in May of 2002. This page includes a chart with historical data for World Food Price Index. World Food Price Index - data, historical chart, forecasts and calendar of releases - was last updated on January of 2023.

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World Food Price Index



Calendar GMT Actual Previous Consensus TEForecast
2022-12-02 09:00 AM Nov 135.7 135.9
2023-01-06 09:00 AM Dec 132.4 135
2023-02-03 09:00 AM Jan 132.4


Related Last Previous Unit Reference
Dairy Price Index 139.10 137.60 Index Points Dec 2022
Cereals Price Index 147.30 150.10 Index Points Dec 2022
Sugar Price Index 117.20 114.40 Index Points Dec 2022
Oils Price Index 144.40 154.70 Index Points Dec 2022
Meat Price Index 113.80 115.20 Index Points Dec 2022

World Food Price Index
The FAO Food Price Index (FFPI) is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices weighted by the average export shares of each of the groups over 2014-2016. The FFPI is calculated as the trade-weighted average of the prices of food commodities spanning the key agricultural markets for cereals, vegetable oils, sugar, meat and dairy products. While these commodities represent about 40 percent of gross agricultural food commodity trade (FAOSTAT), they are chosen for their high and strategic importance in global food security and trade.
Actual Previous Highest Lowest Dates Unit Frequency
132.40 135.00 159.70 50.50 1990 - 2022 Index Points Monthly
2014-2016=100

News Stream
World Food Prices at 15-Month Low
The FAO Food Price Index fell for a 9th month to 132.4 in December 2022, the lowest since September 2021, from a downwardly revised 135 in November. Cereal costs went down 1.9% due to a fall in wheat export prices as ongoing harvests in the southern hemisphere boosted supplies and competition among exporters remained strong. World maize prices also eased. Prices for vegetable oils sank 6.7% driven by lower quotations across palm, soy, rapeseed and unflowerseed oils. Also, meat prices were down 1.2%, driven by lower world prices of bovine and poultry meats, partially counterbalanced by higher pig and ovine meat prices. On the other hand, dairy prices increased 1.1% after five months of consecutive declines, mainly due to cheese. Sugar cost also increased 2.4%, reaching its highest level in six months, mainly due to concerns over the impact of adverse weather conditions on crop yields in India. Considering full 2022, food prices increased 14.3%, following a 28.1% jump in 2021.
2023-01-06
World Food Prices Fall Slightly in November
The FAO Food Price Index fell slightly further to 135.7 in November of 2022 from 135.9 in October, sharply below a record high of 159.7 hit in March and above the pre-Ukraine invasions levels as a decline in the cost of cereals, meat and dairy products offset higher prices for vegetable oils and sugar. Cereal prices were down 1.3%, amid a 2.8% decline in wheat prices as Russia rejoined the Black Sea Grain Initiative. Also, prices fell for dairy (-1.2%), namely milk powder; and meat (-0.9%) as increased export supplies of bovine meat from Australia added to already high supplies from Brazil, notwithstanding China’s continuing strong import demand. On the other hand, the cost of vegetable oil was up 2.3%, due to higher international palm and soy oil prices. Finally, sugar surged 5.2%, the first increase in seven months, amid prevailing tight global sugar supplies due to harvest delays in key producing countries and the announcement by India of a lower sugar export quota.
2022-12-02
World Food Prices Stable at 9-Months Low
The FAO Food Price Index remained almost unchanged at 135.9 in October of 2022 compared to a downwarly revised 136 in September, sharply below a record high of 159.7 hit in March and only slightly above the pre-Ukraine invasions levels. Cost of vegetable oil declined 1.6% as lower prices of palm, soy and rapeseed oils, more than offset the rise in sunflower seed oil. Also, dairy prices decreased 1.7% due to lower-than-anticipated purchases by China, lacklustre demand for spot supplies, and a weaker Euro. Meat cost went down 1.4% and sugar prices edged 0.6% lower, prompted by a positive global supply outlook for the 2022/23 season, further bolstered by improved production prospects in India. On the other hand, prices of cereals went up 3%, led by wheat (3.2%), amid continued uncertainties related to the Black Sea Grain Initiative and tighter supplies in the US, following a downward production revision.
2022-11-04