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Food Market: Difference between revisions
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=== February 2023 === | === February 2023 === | ||
* The '''FAO Food Price Index*''' (FFPI) averaged 129.8 points in February 2023, marginally down (0.6 percent) from January, continuing the downward trend for the eleventh consecutive month.<ref>https://www.fao.org/worldfoodsituation/foodpricesindex/en/</ref> | * The '''FAO Food Price Index*''' (FFPI) averaged 129.8 points in February 2023, marginally down (0.6 percent) from January, continuing the downward trend for the eleventh consecutive month.<ref name=":1">https://www.fao.org/worldfoodsituation/foodpricesindex/en/</ref> | ||
* With the latest decline, the index has fallen 29.9 points (18.7 percent) from the peak it reached in March 2022. | * With the latest decline, the index has fallen 29.9 points (18.7 percent) from the peak it reached in March 2022. | ||
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* 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 '''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" /> | * 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" /> | ||
=== June 2023 === | |||
* The '''FAO Food Price Index*''' (FFPI) averaged 122.3 points in June 2023, down 1.7 points (1.4 percent) from May, continuing the downward trend and averaging as much as 37.4 points (23.4 percent) below the peak it reached in March 2022. | |||
* The month-on-month decline in the index in June reflected drops in the indices for sugar, vegetable oils, cereals and dairy products, while the meat price index remained virtually unchanged.<ref name=":1" /> | |||
== References == | == References == | ||