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Food Market: Difference between revisions
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== Price Developments FAO Food Price Index == | == Price Developments FAO Food Price Index == | ||
''The FAO Food Price Index (FFPI) is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices weighted by the average export shares of each of the groups over 2014-2016.''[[File:Home graph 3 nov645.jpg|alt=|center|thumb|597x597px|https://www.fao.org/worldfoodsituation/foodpricesindex/en/]] | ''The FAO Food Price Index (FFPI) is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices weighted by the average export shares of each of the groups over 2014-2016.'' | ||
Methodology: https://www.fao.org/docs/worldfoodsituationlibraries/default-document-library/fo-expanded-sf.pdf?sfvrsn=3c4de4a_11[[File:Home graph 3 nov645.jpg|alt=|center|thumb|597x597px|https://www.fao.org/worldfoodsituation/foodpricesindex/en/]] | |||
{| class="wikitable" | {| class="wikitable" | ||
!Year | !Year | ||
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|- | |- | ||
|2023-11 | |2023-11 | ||
|120. | |120.3 | ||
|111. | |111.5 | ||
|114.2 | |114.2 | ||
|121.0 | |121.0 | ||
|124.1 | |124.1 | ||
|161.4 | |161.4 | ||
|- | |||
|2023-12 | |||
|118.5 | |||
|110.4 | |||
|116.1 | |||
|122.8 | |||
|122.4 | |||
|134.6 | |||
|} | |} | ||
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* The index stood 14.4 points (10.7 percent) below its corresponding level one year ago. <ref name=":1" /> | * The index stood 14.4 points (10.7 percent) below its corresponding level one year ago. <ref name=":1" /> | ||
==== December 2023 ==== | |||
* The '''FAO Food Price Index'''* (FFPI) stood at 118.5 points in December 2023, down 1.8 points (1.5 percent) from its November level, as decreases in the price indices for sugar, vegetable oils and meat more than offset increases in dairy products and cereals. The index stood 13.3 points (10.1 percent) below its corresponding level one year ago. <ref name=":1" /> | |||
* For 2023 as a whole, the index recorded 124.0 points, 19.7 points (13.7 percent) lower than the average value in 2022. | |||
== References == | == References == | ||