# World Food Prices Dropped in December; China Demand in Focus; and Mississippi Barge Rates Normalize - Farm Policy News

> The FAO food price index fell 1.9% in December 2022 and ended the year down 1%, its first annual decline since 2018. The index remained well above its 10-year average, though 2022 averaged 14% above 2021.

- Date: 2023-01-06 · published 2023-01-06T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/12186-world-food-prices-dropped-in-december-china-demand-in-focus-and-mississippi
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Easing global cereal and vegetable oil prices reduce pressure on feed ingredient costs, though levels stay historically high. Buyers should expect softer but still elevated global feed input prices.

## Read by commodity

- SBO: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-12-04 | [Crop Prospects and Food Situation, No. 4 December 2016 - World \| ReliefWeb](https://feedsoft.ai/events/73405-crop-prospects-and-food-situation-no-4-december-2016-world-reliefweb.md) | +4.0% | +3.3% |
| WHEAT | 2024-02-02 | [FAO Food Price Index down again in January led by lower wheat and maize prices](https://feedsoft.ai/events/7200-fao-food-price-index-down-again-in-january-led-by-lower-wheat-and-maize-prices.md) | -1.6% | -8.9% |
| WHEAT | 2022-08-05 | [Major fall in global food prices for July, but future supply worries remain \| UN News](https://feedsoft.ai/events/40157-major-fall-in-global-food-prices-for-july-but-future-supply-worries-remain-un.md) | +7.3% | -4.2% |
| WHEAT | 2024-09-06 | [Fertilizer Prices Declining But Remain High Globally: FAO Food Price Index and AMIS Market Monitor Released \| Food Security Portal](https://feedsoft.ai/events/28653-fertilizer-prices-declining-but-remain-high-globally-fao-food-price-index-and.md) | +1.0% | +11.2% |
| WHEAT | 2023-10-01 | [Grain Prices “Steep Dive” Following Production, Stocks Reports \| Farm Policy News \| Illinois](https://feedsoft.ai/events/7137-grain-prices-steep-dive-following-production-stocks-reports-farm-policy-news.md) | -3.9% | -1.2% |
| SBO | 2020-02-04 | [World food prices drop in March](https://feedsoft.ai/events/4955-world-food-prices-drop-in-march.md) | +1.1% | -4.8% |
| SBO | 2022-08-05 | [Major fall in global food prices for July, but future supply worries remain \| UN News](https://feedsoft.ai/events/40157-major-fall-in-global-food-prices-for-july-but-future-supply-worries-remain-un.md) | +3.6% | +3.4% |
| SBO | 2020-03-19 | [USDA FAS sees rising soybean demand for China - Brownfield Ag News](https://feedsoft.ai/events/54127-usda-fas-sees-rising-soybean-demand-for-china-brownfield-ag-news.md) | +6.4% | +5.0% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2023/01/world-food-prices-dropped-in-december-china-demand-in-focus-and-mississippi-barge-rates-normalize/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.