Title: FAO Food Price Index | World Food Situation | Food and Agriculture Organization of the United Nations
Headings: 
FAO Food Price Index
The FAO Food Price Index continues to rise unabated
Release date: 06/05/2021

Content: While wheat quotations received support from rising maize prices, along with crop condition concerns in the USA and several countries in Europe, the expectations for good global production prospects kept prices generally stable. By contrast, international rice prices decreased again in April, mainly reflecting currency movements and slow trading activities, with persistent logistical constraints and freight costs continuing to hinder fresh deals. » The FAO Vegetable Oil Price Index averaged 162.0 points in April, up 2.9 points (1.8 percent) month-on-month, driven by rising soy, rapeseed and palm oil quotations more than offsetting lower sunflower oil values. International palm oil prices continued to rise in April on concerns over slower-than-expected production growth in major exporting countries. Soy and rapeseed oil values climbed further too, underpinned by, respectively, firm global demand, including from biodiesel producers, and protracted global supply tightness. By contrast, international prices of sunflower oil contracted moderately on demand rationing. » The FAO Dairy Price Index averaged 118.9 points in April, up 1.4 points (1.2 percent) from March, rising for the eleventh consecutive month and lifting the index 24.1 percent above its value a year ago. In April, butter quotations rose, underpinned by solid import demand from Asia, notwithstanding weaker internal demand in Europe. Skim milk powder prices increased due to high import demand from East Asia, induced partly by concerns over potential shipping delays amid limited spot supplies from Europe and Oceania. Cheese prices also increased due to high demand from Asia, amid lower-than-expected production in Europe and seasonally declining supplies from Oceania.