◂ Event Timeline

Apr 3, 2022REPORTGlobal

FAO Food Price Index rises to record high in February

The FAO Food Price Index averaged 140.7 points in February, up 3.9% month on month and an all-time high. Vegetable oils led the rise by 8.5%, driven by palm, soy and sunflower oil, while dairy rose 6.4% and cereals gained 3.0% led by coarse grains.

WHY IT MATTERS

Record global food price readings signal tight vegetable oil and coarse grain supplies, supporting feed input costs. Palm and soy oil strength pressures meal and oil margins for feed buyers.

AFFECTSMilk (Class III)▲Wheat (SRW)▲Corn▲Palm Oil▲Sorghum▲Barley▲Soybean Oil▲

3 SOURCES
bluebookservices.comGreg JohnsonApr 8, 2022
fao.orgApr 3, 2022
reuters.comGus TrompizApr 8, 2022

Price reaction & history

Milk (Class III)▲bullishSO FAR1d -0.6%5d +2.1%20d +3.0%

After 237 past bullish report events, Milk (Class III) moved a median +0.0% over 5 sessions (51% higher; middle half -0.3% to +0.6%), and +1.2% over 20.

Feb 12, 2021FAO Food Price Index rises in November-0.3%
Mar 1, 2018Dairy, Cereals Push Food Prices Up in February | The Beef Site+1.0%
Aug 2, 2017Global food prices near 3-year high driven by record butter prices+4.8%
Feb 29, 2024February FMMO milk class prices inch higher | Ag Proud-4.1%
Mar 8, 2022Economic Update: February Class III-IV milk prices higher | Ag Proud-0.9%

Wheat (SRW)▲bullishSO FAR1d -7.9%5d -7.3%20d -4.2%

After 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.

Feb 3, 2017FAO Food Price Index edges higher in February+3.8%
Feb 12, 2021FAO Food Price Index rises in November+9.9%
Mar 12, 2020FAO Food Price Index rises sharply-4.3%
Sep 4, 2026FAO Food Price Index rises again | World Grain+1.4%
Dec 3, 2020World food price index jumps in November to almost six-year high - FAO+9.8%

Corn▲bullishSO FAR1d +3.9%5d +5.4%20d -0.7%

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.

Feb 3, 2017FAO Food Price Index edges higher in February-1.2%
Feb 12, 2021FAO Food Price Index rises in November-1.6%
Mar 12, 2020FAO Food Price Index rises sharply-7.4%
Sep 4, 2026FAO Food Price Index rises again | World Grain+0.5%
Dec 3, 2020World food price index jumps in November to almost six-year high - FAO+0.0%

Palm Oil▲bullishSO FAR1d +1.8%5d +5.8%20d +22.2%

After 149 past bullish report events, Palm Oil moved a median +0.5% over 5 sessions (57% higher; middle half -1.1% to +1.8%), and +0.8% over 20.

Mar 12, 2020FAO Food Price Index rises sharply-4.4%
Apr 4, 2025FAO Food Price Index remains stable in March-5.6%
Mar 2, 2022Global food prices rise in January-2.6%
May 8, 2026World food prices rise to more than three year high in April, FAO says - Grainews-2.4%
Apr 7, 2025FAO Food Price Index up slightly in June due to higher meat, dairy and vegetable oil prices-2.5%

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.

Milk (Class III) MILK · GP ▸

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Wheat (SRW) WHEAT · GP ▸

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