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World food price index

Facts for Prelims (FFP)


Source: The Print

 Context: The United Nations Food and Agriculture Organization (FAO) reported that the world food price index fell to a new two-year low recently.

  • This decline reversed a previous month’s rebound, with most food commodities experiencing decreases, although rice and sugar prices


FPI, released by the Food and Agriculture Organization (FAO) is a measure of the monthly change in international prices of a basket of food commodities.

 It consists of the average of five commodity group price indicescereals, oilseeds, dairy products, meat and sugar, weighted with the average export shares of each of the groups.