FAO Food Price Index declines in January for fifth consecutive month
The measure of world food commodity prices declined in January for the fifth consecutive month, led by lower international quotations for dairy, sugar and meat products, according to the benchmark report released Friday by the Food and Agriculture Organization of the United Nations (FAO). The FAO Food Price Index, which tracks monthly changes in the international prices of…
FAO Food Price Index: Sugar and dairy push February rise
The FAO Food Price Index rose in February, with surges in sugar, dairy, and vegetable oil prices driving the increase. The price of globally traded food commodities averaged 127.1 points in February, up 1.6% from the previous month and 8.2% higher than its February 2024 benchmark, according to the latest report. After declining for three…
Cereals, dairy prices push FAO food price index up in May
Global food commodity prices rose for a third consecutive month in May due to increases in the prices of cereals and dairy products. The FAO Food Price Index, which tracks monthly changes in the international prices of a set of globally-traded food commodities, rose 0.9% in May compared to the previous month, reaching 120.4 points. The index…