FAO Food Price Index rises further in September

Rome -World food commodity prices rose in September, led by tightening supply conditions and robust demand for staples such as wheat and palm oil, the Food and Agriculture Organization of the United Nations (FAO) reported today.

The FAO Food Price Index averaged 130.0 points in September, up 1.2 percent from August and 32.8 percent higher than in September 2020. The index tracks monthly changes in the international prices of commonly-traded food commodities.

The FAO Cereal Price Index in September increased by 2.0 percent from the previous month, with world wheat prices up almost 4 percent - and as much as 41 percent higher than a year earlier – due to tightening export availabilities amid strong demand. World rice prices also rose in September, while those of maize increased by a moderate 0.3 percent – averaging 38 percent higher year-on-year - as improved global crop prospects and the start of harvests in the United States of America and Ukraine largely countered the impact of hurricane-related port disruptions in the U.S.