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Food Market: Difference between revisions
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=== April 2023 === | === April 2023 === | ||
* The '''FAO Food Price Index*''' (FFPI) averaged 127.2 points in April 2023, up 0.8 points (0.6 percent) from March and standing 31.2 points (19.7 percent) below its value in the corresponding month last year<ref>https://www.fao.org/worldfoodsituation/foodpricesindex/en/</ref> | * The '''FAO Food Price Index*''' (FFPI) averaged 127.2 points in April 2023, up 0.8 points (0.6 percent) from March and standing 31.2 points (19.7 percent) below its value in the corresponding month last year<ref name=":0">https://www.fao.org/worldfoodsituation/foodpricesindex/en/</ref> | ||
* The slight rebound in the FFPI in April was led by a steep increase in the sugar price index, along with an upturn in the meat price index, while the cereals, dairy and vegetable oil price indices continued to drop. | * The slight rebound in the FFPI in April was led by a steep increase in the sugar price index, along with an upturn in the meat price index, while the cereals, dairy and vegetable oil price indices continued to drop. | ||
=== May 2023 === | |||
* The '''FAO Food Price Index*''' (FFPI) averaged 124.3 points in May 2023, down 3.4 points (2.6 percent) from April and as much as 35.4 points (22.1 percent) from the all-time high it reached in March 2022, | |||
* The decline in May was underpinned by significant drops in the price indices for vegetable oils, cereals and dairy, which were partly counterbalanced by increases in the sugar and meat indices.<ref name=":0" /> | |||
== References == | == References == | ||