The Food and Agriculture Organization of the United Nations Food Price Index fell month-on-month in December 2024

Published 2025년 1월 6일

Tridge summary

The Food and Agriculture Organization of the United Nations (FAO) has reported a decrease in the international food price index in December 2024, largely due to a decline in international sugar quotations. The FAO Food Price Index averaged 127.0 points, down 0.5% from the previous month and up 6.7% from December 2023. The FAO Cereal Price Index was barely unchanged from the previous month, but was down 9.3% from the same period last year. The FAO Meat Price Index rose 0.4% in December, reversing three months of decline, and was 7.1% higher than the same period last year. The FAO Dairy Price Index fell 0.7% in December, marking the first decrease after seven consecutive months of increases, but was still 17.0% higher than the same period last year.

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Original content

3 January 2025, Rome - The Food and Agriculture Organization of the United Nations (FAO) released its latest report on Friday, showing that the international food price index fell month-on-month in December 2024, affected by the decline in international sugar quotations. The FAO Food Price Index is a measure of the monthly changes in international prices of a basket of food commodities. In December 2024, the FAO Food Price Index averaged 127.0 points, down 0.5% from the previous month and up 6.7% from December 2023. The food price index for the whole year of 2024 was 122.0 points, 2.1% lower than the average in 2023. Vegetable oil, dairy products and meat prices rose, but the magnitude failed to fully offset the decline in grain and sugar quotations. The FAO Cereal Price Index was basically unchanged from the previous month in December, with a slight increase in corn quotations offsetting the decline in wheat prices, but it was down 9.3% from the same period last year. For the ...

Source: Foodmate