Global: The FAO Food Price Index continued to rise in September

Published Oct 10, 2021

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The FAO Food Price Index averaged 130.0 points in September 2021, that is, 1.5 points (1.2%) more than in August and 32.1 points ( 32.8%) more than in the same month last year. Its latest rise was largely due to the rise in the price of most cereals and vegetable oils. Dairy and sugar prices also rose, while the meat price sub-index remained stable.

Original content

»The FAO Food Price Index averaged 130.0 points in September 2021, that is, 1.5 points (1.2%) more than in August and 32.1 points ( 32.8%) more than in the same month last year. Its latest rise was largely due to the rise in price of most cereals and vegetable oils. Dairy and sugar prices also rose, while the meat price sub-index remained stable. »The FAO Cereal Price Index registered an average of 132.5 points in September, that is, 2.6 points (2.0%) more than in August and 28.5 points (27.3 %) above the level recorded in September 2020. Among the major grains, world wheat prices rose the most in September, almost 4% month-on-month and up to 41% year-on-year. The reduction in exportable availabilities, amid strong world demand, kept upward pressure on international wheat prices. Rice prices rose in September to above their lowest levels in years in August 2021, sustained by a slight improvement in business activities. International barley prices also rose 2.6% in September, ...

Source: Castilla