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The FAO World Food Price Index averaged 118.5 points in December 2023, down 1.5% from November, as sugar, vegetable oil and meat prices fell. Cereal prices rose 1.5% on wheat export gains, Brazil second-crop concerns and Ukraine logistics, while rice prices rose on Indian export restrictions.
Higher wheat and rice export prices driven by Indian curbs and logistics strain support feed grain costs, while lower vegetable oil and meat indices signal softer protein input pricing.
jircas.go.jpJapan International Research CenterJan 11, 2024After 769 past bullish report events, Wheat (SRW) moved a median +0.2% over 5 sessions (53% higher; middle half -1.4% to +2.0%), and +0.2% over 20.
After 88 past bullish report events, Rough Rice moved a median +0.0% over 5 sessions (50% higher; middle half -1.5% to +2.1%), and +2.5% over 20.
After 1,040 past bullish report events, Corn moved a median +0.5% over 5 sessions (62% higher; middle half -0.9% to +2.0%), and +0.8% 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.
