# 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.

- Date: 2022-04-03 · published 2022-04-03T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/41782-fao-food-price-index-rises-to-record-high-in-february
- Commodities: [Milk (Class III)](https://feedsoft.ai/c/MILK.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## 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.

## Read by commodity

- SBO: bullish ▲
- CORN: bullish ▲
- MILK: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲
- PALMOIL: bullish ▲
- SORGHUM: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| MILK | 2021-02-12 | [FAO Food Price Index rises in November](https://feedsoft.ai/events/9251-fao-food-price-index-rises-in-november.md) | -0.3% | +4.5% |
| MILK | 2018-03-01 | [Dairy, Cereals Push Food Prices Up in February
						 \| The Beef Site](https://feedsoft.ai/events/10924-dairy-cereals-push-food-prices-up-in-february-the-beef-site.md) | +1.0% | +1.5% |
| MILK | 2017-08-02 | [Global food prices near 3-year high driven by record butter prices](https://feedsoft.ai/events/5484-global-food-prices-near-3-year-high-driven-by-record-butter-prices.md) | +4.8% | +6.7% |
| MILK | 2024-02-29 | [February FMMO milk class prices inch higher \| Ag Proud](https://feedsoft.ai/events/5460-february-fmmo-milk-class-prices-inch-higher-ag-proud.md) | -4.1% | -4.8% |
| MILK | 2022-03-08 | [Economic Update: February Class III-IV milk prices higher \| Ag Proud](https://feedsoft.ai/events/42420-economic-update-february-class-iii-iv-milk-prices-higher-ag-proud.md) | -0.9% | +4.2% |
| WHEAT | 2017-02-03 | [FAO Food Price Index edges higher in February](https://feedsoft.ai/events/8602-fao-food-price-index-edges-higher-in-february.md) | +3.8% | +2.2% |
| WHEAT | 2021-02-12 | [FAO Food Price Index rises in November](https://feedsoft.ai/events/9251-fao-food-price-index-rises-in-november.md) | +9.9% | +9.2% |
| WHEAT | 2020-03-12 | [FAO Food Price Index rises sharply](https://feedsoft.ai/events/54057-fao-food-price-index-rises-sharply.md) | -4.3% | -5.8% |

## Sources

- bluebookservices.com: https://www.bluebookservices.com/un-food-price-index-hits-record-high/
- fao.org: https://www.fao.org/newsroom/detail/fao-food-price-index-rises-to-record-high-in-february/en
- reuters.com: https://www.reuters.com/world/food-prices-surge-new-record-high-march-un-agency-says-2022-04-08/

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