# 932. December 2023 World Food Price Index | Japan International Research Center for Agricultural Sciences | JIRCAS

> 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.

- Date: 2024-01-11 · published 2024-01-11T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/32196-932-december-2023-world-food-price-index-japan-international-research-center
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

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.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲
- WHEAT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-03-09 | [1452. February 2026 World Food Price Trends \| Japan International Research Center for Agricultural Sciences \| JIRCAS](https://feedsoft.ai/events/20206-1452-february-2026-world-food-price-trends-japan-international-research-center.md) | +0.6% | -2.0% |
| WHEAT | 2021-01-07 | [World food prices rise for seventh month in a row in December - World \| ReliefWeb](https://feedsoft.ai/events/49246-world-food-prices-rise-for-seventh-month-in-a-row-in-december-world-reliefweb.md) | +0.8% | -4.1% |
| WHEAT | 2026-09-04 | [FAO Food Price Index rises again \| World Grain](https://feedsoft.ai/events/17533-fao-food-price-index-rises-again-world-grain.md) | +1.4% | +0.4% |
| WHEAT | 2020-12-03 | [World food price index jumps in November to almost six-year high - FAO](https://feedsoft.ai/events/5276-world-food-price-index-jumps-in-november-to-almost-six-year-high-fao.md) | +9.8% | +9.8% |
| WHEAT | 2024-01-05 | [World food price index ends 2023 some 10% below 2022 levels](https://feedsoft.ai/events/6744-world-food-price-index-ends-2023-some-10-below-2022-levels.md) | -2.2% | -2.1% |
| RICE | 2026-01-13 | [1415. World Food Price Trends, December 2025 \| Japan International Research Center for Agricultural Sciences \| JIRCAS](https://feedsoft.ai/events/12588-1415-world-food-price-trends-december-2025-japan-international-research-center.md) | +7.0% | +12.4% |
| RICE | 2020-12-03 | [World food price index jumps in November to almost six-year high - FAO](https://feedsoft.ai/events/5276-world-food-price-index-jumps-in-november-to-almost-six-year-high-fao.md) | -0.7% | -0.4% |
| RICE | 2024-01-05 | [World food price index ends 2023 some 10% below 2022 levels](https://feedsoft.ai/events/6744-world-food-price-index-ends-2023-some-10-below-2022-levels.md) | +1.4% | +8.9% |

## Sources

- jircas.go.jp: https://www.jircas.go.jp/en/program/proc/blog/20240109

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