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The FAO Food Price Index averaged 140.9 points in July 2022, down 8.6% from June and marking a fourth straight monthly decline. Vegetable oil and cereal prices posted double-digit percentage drops, though the index remained 13.1% above July 2021.
Broad declines in cereal and vegetable oil prices point to softer global feed-ingredient costs, though the FAO flagged persistent fertilizer and supply uncertainties.
news.un.org©FAO/Danfung DennisAug 5, 2022After 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 146 past bearish report events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.8% to +1.9%), and +0.4% over 20.
After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% 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.
