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Concerns over wheat supplies and prices, plus the impact of biofuels on vegetable oil markets: Latest FAO Food Price Index and AMIS Market Monitor released
The FAO Food Price Index rose by nearly 1 percent in May due to increased cereal and dairy prices. It remained 3.4 percent below its May 2023 levels and nearly 25 percent below the peak seen in March 2022.
FAO Food Price Index Rises Slightly, But Remains Significantly Lower than April 2023
The FAO Food Price Index rose marginally in April but remained 7.4 percent below its April 2023 level. The slight increase was driven by rising meat, vegetable oil, and cereal prices.
FAO Food Price Index Rose Slightly in March
After seven months of declines, the FAO Food Price Index rose slightly in March due to increased vegetable oil, dairy, and meat prices. The Index remained 7.7 percent below its March 2023 levels.
Who’s afraid of high fertilizer prices?
During 2021 and 2022, global food and fertilizer prices spiked due to several overlapping factors. Demand rose as the world economy emerged from the COVID-19 recession; global supply chains suffered major disruptions associated with the uneven recovery; and the outbreak of war between Russia and Ukraine—both key food and fertilizer producers—generated yet another shock.
India’s export restrictions on rice continue to disrupt global markets, supplies, and prices
Six months after India introduced a set of export restrictions on rice with the aim of holding down domestic prices, global rice markets continue to feel the impact.