FAO Food Price Index declines in December. Benchmark measure of world food commodity prices ends 2023 about 10 percent below its year-earlier level
![](/images/news/190670.jpg)
05.01.2024 17:00 "Agro Perspectiva" (Kyiv) —
The benchmark for world food commodity prices declined in December compared to the previous month, with the sharpest drop in international sugar quotations, the Food and Agriculture Organization of the United Nations (FAO) reported Friday. The FAO Food Price Index, which tracks monthly changes in the international prices of a set of globally-traded food commodities, averaged 118.5 points in December, down 1.5 percent from November and down 10.1 percent from December 2022. For 2023 as a whole, the index was 13.7 percent lower than the average value over the preceding year, with only the international sugar price index higher over the period. The FAO Cereal Price Index increased 1.5 percent from November, as wheat, maize, rice, and barley prices all rose, partly reflecting logistical disruptions that hindered shipments from major exporting countries. For the year as a whole, the index was 15.4 percent below the 2022 average, reflecting well supplied global markets, although FAO’s All Rice Price Index (part of the FAO Cereal Price Index) registered a 21 percent increase, largely owing to concerns about the impact of El Niño on rice production and in the aftermath of export restrictions imposed by India. The FAO Vegetable Oil Price Index by contrast, declined by 1.4 percent from November, reflecting subdued purchases of palm, soy, rapeseed, and sunflower seed oil, with soy oil in particular impacted by a slowdown in demand from the biodiesel sector as well as improving weather conditions in major growing areas of Brazil. For 2023 as a whole, this index was 32.7 percent below the previous year’s level. The FAO Sugar Price Index declined 16.6 percent from November, hitting a nine-month low although still up 14. 9 percent from December 2022. The plunge in sugar quotations was mainly driven by the strong pace of production in Brazil, along with reduced use of sugarcane for ethanol production in India. The FAO Meat Price Index dipped 1.0 percent from November, reaching a level 1.8 percent below that of December 2022, impacted by persistent weak import demand from Asia for pig meat. Regional buying interest also slowed for bovine and poultry meat despite ample exportable supplies in large producing regions. Ovine meat prices by contrast rose ahead of holidays. Bucking the trend, the FAO Dairy Price Index increased by 1.6 percent from November, although still standing 16.1 percent below its December 2022 value. The monthly increase was led by higher price quotations for butter and cheese, underpinned by strong internal sales in Western Europe ahead of the holiday season. At the same time, strong global import demand led international whole milk powders to rise.
26.07.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
09:28 |
Ongoing Economic Crisis in Argentina Impacts Dairy |
15.07.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
10:28 |
Decline of China Pork Imports Continues in 2024 |
![](/_img/new/picto_new.gif) |
08:20 |
Lower Prices Propel Mexico 2023/24 Soybean Meal Imports |
13.07.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
10:15 |
China Imports of Major Feed Grains at Record for Oct-May period |
12.07.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
01:08 |
Climate risks projected to affect fish biomass around the world's ocean, FAO report says |
06.07.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
10:15 |
Global cereal production 2024 forecast scaled up and now set to exceed the 2023 level |
![](/_img/new/picto_new.gif) |
10:01 |
FAO Food Price Index stable in June |
03.07.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
12:31 |
World pear production for MY 2023/24 is projected up more than 275,000 tons to 25.2 million |
![](/_img/new/picto_new.gif) |
12:23 |
U.S. wheat exports are forecast to rebound by more than a million tons in the 2024/25 marketing year |
01.07.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
08:58 |
World apple production for MY 2023/24 is forecast to rise more than 700,000 tons to 83.7 million |
![](/_img/new/picto_new.gif) |
08:39 |
World coffee production for 2024/25 is forecast to rebound 7.1 million bags |
25.06.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
17:57 |
Central, Eastern and South-Eastern European banks report strengthening loan demand and improving profitability |
![](/_img/new/picto_new.gif) |
17:05 |
Global Environment Facility approves $70 million to support FAO projects in 28 countries |
24.06.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
04:15 |
Emergency brake triggered for oat imports from Ukraine |
23.06.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
09:00 |
Colombia Production: Two Periods of Sharp Decline |
19.06.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
15:35 |
World pear production for MY 2023/24 is projected up more than 275,000 tons to 25.2 million |
![](/_img/new/picto_new.gif) |
10:35 |
India Apple Imports Forecast at a Record High |
12.06.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
09:21 |
FAO Food Price Index slightly up in May: higher cereal and dairy prices offset easing sugar and vegetable oil quotations |
03.06.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
14:04 |
Commission clarifies support for farmers in case of exceptional weather events |
![](/_img/new/picto_new.gif) |
13:33 |
Digitalization: it is time to bridge the gap between urban and rural areas |
22.05.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
18:25 |
Two years of Solidarity Lanes have brought the EU, Ukraine and Moldova closer together |
21.05.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
08:10 |
Seven additional private sector leaders announce support for Antimicrobial Use Stewardship Principles in poultry, now includes over 40% of global poultry meat production |
13.05.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
23:32 |
EU extends trade support to Ukraine for one more year |
![](/_img/new/picto_new.gif) |
04:36 |
European Union corn is forecast at 18.0 million tons |
11.05.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
18:55 |
2024/25 Grain Consumption Expands while Trade Moderates |
![](/_img/new/picto_new.gif) |
18:47 |
Oilseeds Stocks Forecast to Reach Record Highs in 2024/25 |
06.05.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
09:17 |
The International Year of the Woman Farmer in 2026 Approved by the UN General Assembly, it will increase awareness of the crucial role women farmers play in agrifood systems |
04.05.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
08:10 |
2024 wheat forecast trimmed |
03.05.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
21:25 |
Rising international quotations for meat, cereals and vegetable oils offset drops for dairy and sugar |
![](/_img/new/picto_new.gif) |
07:10 |
El Niño and La Niña: four crucial steps to build climate resilience |
01.05.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
08:25 |
Acute hunger remains persistently high in 59 countries with 1 in 5 people assessed in need of critical urgent action |
29.04.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
10:43 |
New CEO at BASF: Martin Brudermüller hands over to Markus Kamieth |
25.04.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
09:45 |
Parliament approves a revision of the EU’s common agricultural policy |
23.04.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
16:23 |
MEPs approve trade support measures for Ukraine with protection for EU farmers |
17.04.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
18:08 |
Ministry of Agrarian Policy and Food predicts this year’s harvest of grains and oilseeds at about 74 million tonnes |
16.04.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
12:12 |
West Africa Cocoa Shortage Pushes Up Prices |
11.04.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
23:48 |
U.S. Soybean Meal Exports Forecast at Consecutive Records in 2022/23 and 2023/24 |
![](/_img/new/picto_new.gif) |
23:10 |
EU Wheat Exports Challenged by Russia’s Growing Dominance |
![](/_img/new/picto_new.gif) |
11:30 |
Country of origin of honey must be clearly visible on the label. EU honey traceability system to be developed |
10.04.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
15:59 |
Commission starts setting up the Agriculture and Food Chain Observatory |
![](/_img/new/picto_new.gif) |
15:33 |
Commission approves ˆ2.2 billion German State aid scheme to support the decarbonisation of industrial processes to foster the transition to a net-zero economy |
![](/_img/new/picto_new.gif) |
13:17 |
Donau Soja urges EU for clarity on EUDR implementation |
09.04.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
10:44 |
Ukraine remained the third source of EU imports in 2023, with a value of EUR 11.8 billion |
06.04.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
10:04 |
World cereal output seen up in 2023/24 |
![](/_img/new/picto_new.gif) |
09:55 |
FAO Food Price Index rises in March |
05.04.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
10:04 |
Shellfish Crop Insurance Program Offers Oyster Producers Needed Protection from Environmental Challenges and More |
03.04.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
23:01 |
Croatian horseradish root ‘Ludbreški hren' added to register of Protected Designations of Origin |
02.04.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
10:15 |
FAO and chef Fatmata Binta announce new project to empower women fonio producers in Ghana |
28.03.2024 |
|
![](/_img/new/px.gif) |
![](/_img/new/px.gif) |
|
![](/_img/new/picto_new.gif) |
12:55 |
Council compromise on Ukraine ATMs – Only a half step forward in the right direction |
![](/_img/new/picto_new.gif) |
09:18 |
Commission approves amendment to Italian State aid scheme to support companies in Friuli Venezia Giulia in the context of Russia's war against Ukraine |
Also available:
![](/_img/new/px.gif)
|