World food price index eases in Dec, pushed lower by sugar
5 days, 6 hours ago

World food price index eases in Dec, pushed lower by sugar

Live Mint  

ROME, Jan 3 - The United Nations' world food price index dipped in December against November levels, led lower by a drop in international sugar quotations, but still showed a robust gain year-on-year, data showed on Friday. For 2024 as a whole, the index averaged 122.0, 2.1% lower than the 2023 value, offsetting significant decreases in quotations for cereals and sugar with smaller increases in prices for vegetable oils, dairy and meats. Sugar prices led December's monthly decline, dropping 5.1% month-on-month thanks to improving sugarcane crop prospects in the main producing countries to stand 10.6% below its December 2023 level. The FAO cereal price index was little changed last month from November and was 9.3% below its year-earlier level, as a slightly uptick in maize quotations offset a drop in those for wheat, FAO said.

Dec Fao Sugar Prices  quotations  eases  pushed  sugar  prices  world  fao  2023  yearonyear  yearearlier  price  vegetable  dec  value  index  food  lower

History of this topic

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%
Trending News
3 weeks, 2 days ago

Wholesale food inflation cooled to 8.9% in November from 25-month high of 11.6%

The Hindu  

India’s wholesale prices rose at a three-month low pace of 1.89% in November, easing from October’s 2.4% uptick, with food price inflation decelerating to 8.9% from a 25-month high of 11.6% in the previous month, even as manufactured products’ inflation accelerated to 2%. EDITORIAL | Price worries: On inflation Among manufactured products, some of the important groups that showed month-over-month …

Food prices reach 19-month high in November, UN says
1 month ago

Food prices reach 19-month high in November, UN says

Live Mint  

Food prices climbed to a 19-month high in November driven by vegetable oils, data from the Food and Agriculture Organization of the United Nations showed on Friday. The FAO’s food price index, which tracks global prices for a basket of staple foods, averaged 127.5 points in November, a 0.5% increase from October’s level and 5.7% higher than a year earlier. …

​Surprise spike: On the Consumer Price Index
1 month, 3 weeks ago

​Surprise spike: On the Consumer Price Index

The Hindu  

India’s consumer prices have gained fresh momentum over September and October, rendering the tangible softening in inflation to a pace below the official median target of 4% in the two months preceding them, a fleeting reprieve. A sharp surge in vegetable prices, particularly tomato, from the onset of the festival-packed month of October, and an uptick in edible oil prices …

World food prices ease slightly in July, UN says
5 months ago

World food prices ease slightly in July, UN says

Hindustan Times  

The United Nations world food price index eased slightly in July according to data released on Friday, with a decline in the index for cereals offset in part by increases for meat, vegetable oils and sugar. The FAO Cereals Price Index declined 3.8% to its lowest level in nearly four years with global export prices for all major cereals falling …

World food prices hold firm in June, UN's FAO reports
6 months ago

World food prices hold firm in June, UN's FAO reports

Hindustan Times  

The United Nations world food price index held steady in June data showed on Friday, with increases in vegetable oil, sugar and dairy products offset by a fall in the price of cereals. The FAO index hit a three-year low in February as food prices receded from a record peak set in March 2022 following Russia's invasion of Ukraine. Cereal …

World food price index up for second month in April, says U.N. agency
8 months ago

World food price index up for second month in April, says U.N. agency

The Hindu  

The United Nations food agency's world price index rose for a second consecutive month in April as higher meat prices and slight gains for vegetable oils and cereals outweighed decreases for sugar and dairy products. The Food and Agriculture Organization's price index, which tracks the most globally traded food commodities, averaged 119.1 points in April, up from a revised 118.8 …

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says
8 months, 3 weeks ago

Food inflation eases as price of meat, crumpets and chocolate biscuits fell last month, ONS says

Daily Mail  

The pace of UK food inflation fell to the lowest annual rate since November 2021 in March, official figures from the Office for National Statistics show. Overall, prices for food and non-alcoholic drinks increased by 4 per cent in the year to March, down from 5 per cent in the year to February, the ONS said. The ONS data showed …

Wholesale price inflation rises to three-month high of 0.53% in March
8 months, 3 weeks ago

Wholesale price inflation rises to three-month high of 0.53% in March

The Hindu  

India’s wholesale price inflation rose to a three-month high of 0.53% in March from 0.2% in February, with the food index rising 4.65%, primarily led by cereals prices surging at a 12-month high pace even as the inflation in paddy, potato and onions accelerated. For the full year 2023-24, wholesale prices remained in deflationary mode, averaging -0.7%, the lowest pace …

Wholesale food prices spiked in February
9 months, 3 weeks ago

Wholesale food prices spiked in February

The Hindu  

India’s wholesale price inflation moderated to a four-month low of 0.2% in February from 0.27% in January, despite an acceleration in food and primary articles’ inflation rates, owing to a sharper year-on-year drop in manufactured products and fuel and power prices. The Wholesale Food Index picked up from 3.8% in January to 4.1% in February, while primary articles’ prices rose …

Food prices fall for first time since 2021 as inflation remains unchanged
10 months, 3 weeks ago

Food prices fall for first time since 2021 as inflation remains unchanged

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Inflation unexpectedly held steady last …

2024 brings breather on inflation but food prices are still sticky
10 months, 3 weeks ago

2024 brings breather on inflation but food prices are still sticky

The Hindu  

February 12, 2024 06:10 pm | Updated 09:00 pm IST - New Delhi India’s retail inflation eased to a three-month low of 5.1% in January from 5.7% a month earlier, with food price rise cooling a bit to 8.3% compared with 9.5% in December 2023. While overall inflation faced by urban consumers dropped to 4.92% from 5.5% a month ago, …

Prohibitive price gains: On the Consumer Food Price Index
11 months, 3 weeks ago

Prohibitive price gains: On the Consumer Food Price Index

The Hindu  

Inflation measured by the Consumer Price Index expectedly quickened to a four-month high in December, with the measure of gains in food prices accelerating at a relatively faster pace as inflation in cereals and pulses stayed stubbornly sticky. While headline retail inflation ticked up by 14 basis points from November’s level to 5.69%, price gains measured by the Consumer Food …

Retail inflation at 4-month high, industry shows muted growth
11 months, 3 weeks ago

Retail inflation at 4-month high, industry shows muted growth

Hindustan Times  

New Delhi: Retail inflation rose to a four-month high in December, driven by food articles, although prices of cereals and vegetables decelerated compared to the previous month, official data showed on Friday. Consumer prices soared to 5.69% in December from a year ago, higher than November’s 5.55%, but remained within the Reserve Bank’s upper limit of 6% for the fourth …

Global food prices declined from record highs in 2022, the UN says. Except for these two staples
1 year ago

Global food prices declined from record highs in 2022, the UN says. Except for these two staples

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Global food prices declined from record highs in 2022, the UN says. Except for these two staples
1 year ago

Global food prices declined from record highs in 2022, the UN says. Except for these two staples

Associated Press  

ROME — Global prices for food commodities like grain and vegetable oil fell last year from record highs in 2022, when Russia’s war in Ukraine, drought and other factors helped worsen hunger worldwide, the U.N. Food and Agriculture Organization said Friday. The FAO Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities, was …

Acceleration foretold: On volatile food prices
1 year ago

Acceleration foretold: On volatile food prices

The Hindu  

November’s resurgence in headline retail inflation, while clearly not unexpected after the RBI just last week predicted a likely ‘uptick’, is a stark reminder of the risks volatile food prices pose. While the National Statistical Office’s provisional reading of headline inflation shows the Consumer Price Index rose by 5.55% year-on-year to a three-month high, from October’s 4.87%, food price gains …

Global food prices rise after Russia ends grain deal and India restricts rice exports
1 year, 5 months ago

Global food prices rise after Russia ends grain deal and India restricts rice exports

LA Times  

A farmer works in a rice paddy in June on the outskirts of Guwahati, India. Global prices for food commodities including rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food …

Global food prices rise after Russia ends grain deal and India restricts rice exports
1 year, 5 months ago

Global food prices rise after Russia ends grain deal and India restricts rice exports

Associated Press  

LONDON — Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food and Agriculture Organization said Friday. The FAO Food Price Index, which tracks monthly …

What this year’s El Niño means for wheat and global food supply
1 year, 5 months ago

What this year’s El Niño means for wheat and global food supply

Salon  

The World Meteorological Organization has declared the onset of the first El Niño event in seven years. Even a "moderate" El Niño may significantly affect crops grown in geographically concentrated regions — for example palm oil, which primarily comes from Indonesia and Malaysia. Impact on global food prices The following graph shows the correlation between El Niño events and global …

Roiling resurgence: The Hindu Editorial on the Consumer Price Index data
1 year, 5 months ago

Roiling resurgence: The Hindu Editorial on the Consumer Price Index data

The Hindu  

The latest Consumer Price Index data showing a resurgence in retail inflation proves exactly why the RBI’s monetary authorities have reiterated the need to keep the policy approach firmly tilted towards ensuring price stability. The food price inflation was broad-based with 10 of the 12 sub-groups witnessing year-on-year increases: cereals registered 12.7% price gains, eggs logged 7%, dairy experienced 8.56% …

June 2023 inflation quickens to 4.8% as food prices climb
1 year, 5 months ago

June 2023 inflation quickens to 4.8% as food prices climb

The Hindu  

India’s retail inflation hardened in June to a three-month high of 4.81% from 4.31% in May, driven by a spike in food price inflation to 4.5% from less than 3% in the previous month, owing to rising costs faced by households for items like cereals, pulses, milk and tomatoes. While the pace of consumer price rise in June broke a …

Food prices fall on world markets but not on kitchen tables
1 year, 8 months ago

Food prices fall on world markets but not on kitchen tables

Associated Press  

A restaurant on the outskirts of Nairobi skimps on the size of its chapatis — a flaky, chewy Kenyan flatbread — to save on cooking oil. In the United States, where food prices were up 8.5% last month from a year earlier, he says that “75% of the costs are coming after it leaves the farm. Glauber, now a senior …

Consumer inflation eases to 5.66% in March
1 year, 8 months ago

Consumer inflation eases to 5.66% in March

The Hindu  

India’s retail inflation slid below the 6% mark for the first time in 2023 — and only the third time in the last 15 months — to touch 5.66% in March 2023. Food price inflation, which was 7.7% in March 2022 and 6% in February this year, eased to 4.8% last month, as per data from the National Statistical Office. …

Year of war in Ukraine left developing nations picking up pieces
1 year, 10 months ago

Year of war in Ukraine left developing nations picking up pieces

Al Jazeera  

Some of the harshest economic effects of the war are being felt much farther afield than Russia’s theatre of battle. Given the complex interplay between geopolitics, commodity prices and financial markets, Russia’s invasion sent shockwaves across the global economy, including developing countries. “The international community needs to adopt a portfolio approach to improve food resilience in developing countries,” Torero said, …

Low-fat milk and olive oil top list of increased prices for everyday items
1 year, 10 months ago

Low-fat milk and olive oil top list of increased prices for everyday items

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The rise in the cost …

Four charts that explain the inflation situation
1 year, 11 months ago

Four charts that explain the inflation situation

Hindustan Times  

On January 12, the National Statistical Office reported that retail inflation, as measured by the Consumer Price Index, was 5.7% in December 2022. See Chart 1: Annual CPI and WPI.And MPC overestimating inflation every quarter this fiscal suggests that it has peaked earlier than expected RBI’s Monetary Policy Committee comes up with its quarterly retail inflation forecast every two months. …

How everyday food items have risen in price in the past 12 months
1 year, 11 months ago

How everyday food items have risen in price in the past 12 months

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Families faced yet another steep …

Global food prices in 2022 hit record high amid drought, war
2 years ago

Global food prices in 2022 hit record high amid drought, war

Associated Press  

ROME — Global prices for food commodities like grain and vegetable oils were the highest on record last year even after falling for nine months in a row, the U.N. Food and Agriculture Organization said, as Russia’s war in Ukraine, drought and other factors drove up inflation and worsened hunger worldwide. The FAO Food Price Index, which tracks monthly changes …

World food prices hit record high in 2022 despite December fall
2 years ago

World food prices hit record high in 2022 despite December fall

Hindustan Times  

World food prices eased in December marking the ninth consecutive monthly fall, but gained more than 14% in 2022 compared to the previous year, to reach the highest since records began, the U.N. food agency said on Friday. The Food and Agriculture Organization's food price index, which tracks international prices of the most globally traded food commodities, averaged 132.4 points …

Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter
2 years, 1 month ago

Food inflation surges to 12.4% amid predictions of ‘increasingly bleak’ winter

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

How everyday food items have risen in price in the past 12 months
2 years, 2 months ago

How everyday food items have risen in price in the past 12 months

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The cost of food and …

Global food price index falls for fifth consecutive month in August
2 years, 4 months ago

Global food price index falls for fifth consecutive month in August

Hindustan Times  

The United Nations food agency's world price index fell for a fifth month in a row in August, further from all-time highs hit earlier this year, as a resumption of grain exports from Ukrainian ports contributed to improved supply prospects. The Food and Agriculture Organization said on Friday that its price index, the most globally traded food commodities, averaged 138.0 …

UN food price index falls in July for fourth month straight
2 years, 5 months ago

UN food price index falls in July for fourth month straight

Firstpost  

FAO said last month’s 8.6% decline was the steepest monthly drop in the value of the index since October 2008. Significant drops in the vegetable oil and cereal indexes United Nations: The UN Food and Agriculture Organization’s global food price index dropped for a fourth straight month in July, but was still 13% higher than in July 2021, the agency …

Double whammy: Both farmers and consumers hit by high prices
2 years, 6 months ago

Double whammy: Both farmers and consumers hit by high prices

Associated Press  

ROME — Food import bills will reach a record high this year and food markets are likely to tighten around the world, according to a glum new forecast by a U.N. food agency. The forecast cited “soaring input prices, concerns about the weather, and increased market uncertainties stemming from the war in Ukraine,’’ which has seen millions of tons of …

Global wheat prices jump after India export ban and Ukraine war: Food and Agriculture Organisation
2 years, 7 months ago

Global wheat prices jump after India export ban and Ukraine war: Food and Agriculture Organisation

The Hindu  

The price of wheat has jumped in the international markets after India announced a ban on the export of the staple cereal and due to the reduced production prospects in Ukraine following the Russian invasion, the UN food agency has said. “The steep increase in wheat prices was in response to an export ban announced by India amidst concerns over …

Global wheat prices jump after India export ban and Ukraine war, says UN food agency
2 years, 7 months ago

Global wheat prices jump after India export ban and Ukraine war, says UN food agency

India TV News  

Highlights Price of wheat has jumped in the international markets Last month, India banned wheat exports amid concerns of wheat output Russia-Ukraine war is another major reason behind surge in prices The price of wheat has jumped in the international markets after India announced a ban on the export of the staple cereal and due to the reduced production prospects …

Investors cash in on food commodities as the poor go hungry
2 years, 7 months ago

Investors cash in on food commodities as the poor go hungry

The Hindu  

Published : Jun 03, 2022 15:46 IST Rising consumer prices are aggravating food shortages around the globe, and investors looking to make a buck off food commodities could be making matters worse. “In Uganda, wheat and fuel prices have skyrocketed, making everyday goods like bread almost unaffordable to an ordinary citizen,” Anna Slattery, external affairs manager at The Hunger Project, …

World Food Prices Surged to New Record High in March, U.N. Agency Says
2 years, 9 months ago

World Food Prices Surged to New Record High in March, U.N. Agency Says

News 18  

World food prices jumped to a new record high in March as the war in Ukraine caused turmoil in markets for staples grains and edible oils, the U.N. food agency said on Friday. The Food and Agriculture Organization’s food price index, which tracks the most globally traded food commodities, averaged 159.3 points last month versus an upwardly revised 141.4 for …

Soaring food prices threaten emerging-market currencies
2 years, 10 months ago

Soaring food prices threaten emerging-market currencies

Al Jazeera  

While energy prices are an ongoing risk to inflation in countries around the world, several emerging-market countries face a different problem: The pace of food price inflation is rendering their currencies vulnerable. The UN’s February World Food Price Index, released on Friday, was essentially unchanged at 20.7% y/y vs 19.2% in January, perhaps surprisingly given the rampant rally in soft …

World food prices hit 10-year peak in 2021
3 years ago

World food prices hit 10-year peak in 2021

Hindustan Times  

World food prices eased in December after four consecutive monthly gains but jumped 28% over 2021 for the highest average level since 2011, the U.N. food agency said on Thursday. With the exception of dairy products, prices for all categories in the food price index eased in December, with vegetable oils and sugar falling significantly, the agency said. The Food …

World food prices hit new 10-year high in October: Report
3 years, 2 months ago

World food prices hit new 10-year high in October: Report

Hindustan Times  

World food prices rose for a third straight month in October to reach a fresh 10-year peak, led again by increases in cereals and vegetable oils, the UN food agency said on Thursday. World vegetable oil prices jumped 9.6% on the month to set a record high, supported by further strength in palm oil prices as labour shortages in Malaysia …

World Food Prices Fall in June for First Time in a Year: UN Food Agency
3 years, 6 months ago

World Food Prices Fall in June for First Time in a Year: UN Food Agency

News 18  

World food prices fell in June for the first time in 12 months, pushed lower by declines in vegetable oils, cereals and dairy products, the United Nations food agency said on Thursday. The FAO’s food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 124.6 points last month versus a revised …

Surging food prices fuel 40 percent jump in global hunger: UN
3 years, 6 months ago

Surging food prices fuel 40 percent jump in global hunger: UN

Al Jazeera  

‘High food prices are hunger’s new best friend,’ the United Nations World Food Programme’s chief economist said on Thursday. Acute food insecurity has soared 40 percent this year as recent food price hikes have exacerbated existing pressures from conflict, climate change and the COVID-19 pandemic, the United Nations World Food Programme said. “High food prices are hunger’s new best friend,” …

Rising world food prices causing concerns among people: IMF
3 years, 6 months ago

Rising world food prices causing concerns among people: IMF

India TV News  

Global food prices have rallied to multi-year highs, triggered by Covid-19 pandemic-related supply chain disruptions and soaring transport costs, the International Monetary Fund has said. More is likely to come since international food prices are expected to increase by about 25 per cent in 2021 from 2020, wrote IMF's Christian Bogmans, Andrea Pescatori and Ervin Prifti in a new blog. …

Global food prices surge to their highest level in a decade, UN report says
3 years, 7 months ago

Global food prices surge to their highest level in a decade, UN report says

CNN  

New York CNN — Global food prices rose for the 12th month in a row in May, up nearly 40% year over year, according to the United Nations’ food price index. Veejay Villafranca/Bloomberg/Getty Images Higher usage of bio diesels and moderate global price increases for meat and dairy products also contributed to the steep rise in global food prices. The …

Food prices soar to highest in almost a decade, says UN
3 years, 7 months ago

Food prices soar to highest in almost a decade, says UN

Live Mint  

Global food prices extended their rally to the highest in almost a decade, heightening concerns over bulging grocery bills as economies struggle to exit the Covid-19 crisis. A United Nations gauge of world food costs climbed for a 12th straight month in May, its longest stretch in a decade. “Global food prices rose in May at their fastest monthly rate …

World food price index rises in February for ninth month running: FAO
3 years, 10 months ago

World food price index rises in February for ninth month running: FAO

Hindustan Times  

World food prices rose for a ninth consecutive month in February, hitting their highest level since July 2014, led by jumps in sugar and vegetable oils, the United Nations food agency said on Thursday. This file photo taken on October 16, 2009 shows Newly named goodwill ambassador of the Food and Agriculture Organization French fashion designer Pierre Cardin delivering a …

World food price index rises in January, at highest level since July 2014: FAO
3 years, 11 months ago

World food price index rises in January, at highest level since July 2014: FAO

Hindustan Times  

World food prices rose for an eighth consecutive month in January, hitting their highest level since July 2014, led by jumps in cereals, sugar and vegetable oils, the United Nations food agency said on Thursday. The Food and Agriculture Organization's food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 113.3 …

World Food Prices Rise for 8th Straight Month in Jan, Hit Highest Level Since July 2014: FAO
3 years, 11 months ago

World Food Prices Rise for 8th Straight Month in Jan, Hit Highest Level Since July 2014: FAO

News 18  

World food prices rose for an eighth consecutive month in January, hitting their highest level since July 2014, led by jumps in cereals, sugar and vegetable oils, the United Nations food agency said on Thursday. The vegetable oil price index increased 5.8% to reach its highest level since May 2012, pushed up in part by lower-than-expected palm oil production in …

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