FAO FPI Lowest Point Since 2010

The Food Price Index (FPI) published by the Food and Agriculture Organization (FAO) fell for the sixth month in a row in September 2014 averaging 191.5 points down 5.2 points from August and 12.2 points from the same time last year. The fall means that the index has now reached its lowest point since August 2010 and makes it the longest continuous period of falls since the 1990s. The five commodity groups that make up the FPI basket showed different degrees and directions of change with sugar and dairy the main contributors to the fall followed by cereals and oils, while meat remained firm.

FAO FPI Continues To Fall

The FAO Food Price Index (FPI) continued to fall in September as the index averaged 199.1 points, 2.3 points below the August average and 11 points on the beginning of the year. The index has fallen now for 5 consecutive months. The fall was driven by a sharp fall in the international price of cereals. The prices of all the other components of the index rose namely dairy, oils, meat and sugar.

FPI 7% Fall In 2012

The Food Price Index for December 2012 published by the FAO was 1.1% down on November averaging at 209. It was the third consecutive fall in the FPI and the main contributing factors were falls in the international prices of cereals, oils and fats. The fall meant that for the whole year of 2012 the index averaged 7% less than in 2011 at 212. The biggest falls in prices in 2012 were in sugar (17.1%), dairy products (14.5%) and oils (10.7%). Cereals (2.4%) and meats (1.1%) had much more modest falls in prices. The fears of a food crisis in July when food prices were rising were therefore allayed.

World Food Prices Lower In November

The FAO Food Price Index for November was down 3 points on October and is its lowest since June 2012. Prices of all commodity groups except dairy came down in November. Sugar showed the sharpest decline followed by oils and cereals. The index for November this year is nearly 3% below the index for the same time last year.

FPI Remains The Same In October

The Food Price Index of the Food and Agriculture Organisation (FAO) was unchanged at 213.5 between September and October 2012. The Meat Price Index increased 0.1 to 174.3 and there were also increases in the Dairy and Sugar Prices Indices. There were decreases in the Cereals and Oils Prices Indices. These five components combined give the overall Food Price Index.

Fall In Global Food Prices In April

Global food prices fell by over 4 points in April according to the monthly Food Price Index (FPI) of the Food and Agriculture Organisation (FAO). The FAO index of 213.9 compares with the index of 217 for March 2012. The main components of the index all fell in price with the exception of the Meat Price Index which increased by 0.9 points. The price indices of the dairy, cereals, oils and sugar sectors all fell in April. The index had risen month on month since November 2011. Prices are still much lower than the same month last year when the index was at 234.9.