# FAO Food Price Index declines in August

> The FAO Food Price Index averaged 121.4 points in August, down 2.1% from July, with cereals down 0.7% on wheat and maize declines. The FAO All Rice Price Index rose 9.8% to a 15-year high after India's ban on non-basmati white rice exports.

- Date: 2023-08-09 · published 2023-08-09T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34646-fao-food-price-index-declines-in-august
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Global cereal prices are softer on ample maize and wheat supplies, but rice prices are firm because of India's export ban. Rice-based feed costs remain elevated in Asia.

## Read by commodity

- CORN: bearish ▼
- RICE: bullish ▲
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-03-05 | [FAO Food Price Index declined in February \| PotatoPro](https://feedsoft.ai/events/7992-fao-food-price-index-declined-in-february-potatopro.md) | +0.2% | -2.5% |
| CORN | 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) | +3.4% | +2.3% |
| CORN | 2020-04-06 | [FAO Food Price Index falls to 17-month low](https://feedsoft.ai/events/53588-fao-food-price-index-falls-to-17-month-low.md) | -3.8% | -7.7% |
| CORN | 2021-09-02 | [Global food commodity prices rebound in August](https://feedsoft.ai/events/9829-global-food-commodity-prices-rebound-in-august.md) | -3.0% | -5.5% |
| CORN | 2018-08-03 | [FAO Food Price Index July Falls Sharply – BE PROFY IN POTATOES NEWS](https://feedsoft.ai/events/8646-fao-food-price-index-july-falls-sharply-be-profy-in-potatoes-news.md) | +8.6% | -3.7% |
| WHEAT | 2023-02-04 | [FAO Food Price Index continues to decline in January 2023 \| PotatoPro](https://feedsoft.ai/events/12880-fao-food-price-index-continues-to-decline-in-january-2023-potatopro.md) | +2.9% | -4.5% |
| WHEAT | 2023-06-10 | [FAO Food Price Index unchanged in September](https://feedsoft.ai/events/6886-fao-food-price-index-unchanged-in-september.md) | +1.1% | +0.2% |
| 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% |

## Sources

- fao.org: https://www.fao.org/newsroom/detail/fao-food-price-index-declines-in-august/en

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