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World food price index
September 16 , 2023
430 days
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- The Food and Agriculture Organization’s (FAO) released this price index.
- It tracks the most globally traded food commodities.
- It consists of the average of five commodity group price indices – cereals, oilseeds, dairy products, meat and sugar.
- The August reading was the lowest since March 2021.
- It is also 24% below an all-time high reached in March 2022 in the wake of Russia’s invasion of Ukraine.
- The FAO forecasted world cereal production this year at 2.815 billion tonnes.
- This is slightly lower from a previous estimate of 2.819 billion.
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