# Fertilizer Prices Declining But Remain High Globally: FAO Food Price Index and AMIS Market Monitor Released | Food Security Portal

> The FAO Food Price Index fell slightly in August, with cereal prices down 0.5% and 11.9% below a year earlier. The Vegetable Oil Index rose 0.8% to its highest since January 2023, driven by palm oil on reduced Indonesian output.

- Date: 2024-09-06 · published 2024-09-06T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/28653-fertilizer-prices-declining-but-remain-high-globally-fao-food-price-index-and
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower wheat prices reflect slow import demand and strong export competition, while palm oil strength supports vegetable oil feed costs. Global feed buyers should note softer grain prices alongside firmer oil.

## Read by commodity

- WHEAT: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2016-12-13 | [International Maize, Wheat, Rice Prices Remain Down, According to Latest FPMA Report \| Food Security Portal](https://feedsoft.ai/events/73523-international-maize-wheat-rice-prices-remain-down-according-to-latest-fpma.md) | -1.2% | +1.2% |
| 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 | 2025-04-04 | [FAO Food Price Index remains stable in March](https://feedsoft.ai/events/25161-fao-food-price-index-remains-stable-in-march.md) | -0.7% | +2.5% |
| 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 | 2023-08-09 | [FAO Food Price Index declines in August](https://feedsoft.ai/events/34646-fao-food-price-index-declines-in-august.md) | -1.7% | -7.8% |
| PALMOIL | 2025-04-04 | [FAO Food Price Index remains stable in March](https://feedsoft.ai/events/25161-fao-food-price-index-remains-stable-in-march.md) | -5.6% | -9.1% |
| PALMOIL | 2026-06-19 | [Soybean meal and oil: global demand sustains market, but excess supply pressures prices in the second half of the year](https://feedsoft.ai/events/18880-soybean-meal-and-oil-global-demand-sustains-market-but-excess-supply-pressures.md) | -0.0% | +0.3% |
| PALMOIL | 2022-04-03 | [FAO Food Price Index rises to record high in February](https://feedsoft.ai/events/41782-fao-food-price-index-rises-to-record-high-in-february.md) | +5.8% | +22.2% |

## Sources

- foodsecurityportal.org: https://www.foodsecurityportal.org/node/3168

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