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The FAO Food Price Index averaged 127.1 points in March, roughly unchanged from February as cereal and sugar declines offset a rise in vegetable oil prices. The cereal index fell 2.6% on lower wheat, maize, sorghum and rice prices.
Vegetable oil prices rose 3.7% on robust import demand for palm, soy, rapeseed and sunflower oils.
Lower cereal prices ease feed grain costs, while higher vegetable oil prices raise the cost of oilseed-based feed ingredients such as palm and soy oil.
fao.orgApr 4, 2025After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% over 20.
After 1,102 past bearish report events, Corn moved a median -0.2% over 5 sessions (47% higher; middle half -1.8% to +1.3%), and +0.0% over 20.
After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.
After 296 past bullish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +2.0%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
