# World food prices jump in Aug, cereal harvest outlook cut -FAO - Cafe Aberto

> The FAO reported that its food price index averaged 127.4 points in August, up from 123.5 in July, with wheat prices rising 8.8% month on month on lower harvest expectations in major exporters. Maize and international rice prices declined, while vegetable oil prices rose 6.7%, and the FAO cut its 2021 world cereal harvest forecast to 2.788 billion tonnes.

- Date: 2021-09-07 · published 2021-09-07T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/45161-world-food-prices-jump-in-aug-cereal-harvest-outlook-cut-fao-cafe-aberto
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Rough Rice](https://feedsoft.ai/c/RICE.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower harvest expectations in major exporters support wheat prices, while the reduced cereal crop estimate tightens global supply. Weaker maize and rice prices offset some of the cereal index gain.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-07-03 | [World crop outlook breathes life into wheat prices - Grain Central](https://feedsoft.ai/events/6179-world-crop-outlook-breathes-life-into-wheat-prices-grain-central.md) | -0.1% | +1.9% |
| 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 | 2026-06-05 | [FAO Cereal Price Index rises in May \| World Grain](https://feedsoft.ai/events/18850-fao-cereal-price-index-rises-in-may-world-grain.md) | -0.4% | +1.5% |
| 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 | 2021-12-02 | [World food prices climb in November, stay at 10-year peak -FAO \| Reuters](https://feedsoft.ai/events/43649-world-food-prices-climb-in-november-stay-at-10-year-peak-fao-reuters.md) | +0.3% | -2.1% |
| CORN | 2026-07-06 | [FAO Cereal Price Index falls by 3.5% \| World Grain](https://feedsoft.ai/events/18411-fao-cereal-price-index-falls-by-3-5-world-grain.md) | -0.6% | +0.8% |
| CORN | 2023-08-09 | [FAO Food Price Index declines in August](https://feedsoft.ai/events/34646-fao-food-price-index-declines-in-august.md) | -3.0% | -2.6% |
| CORN | 2019-05-12 | [FAO: Record cereal harvests expected for South America in 2019](https://feedsoft.ai/events/59012-fao-record-cereal-harvests-expected-for-south-america-in-2019.md) | +6.9% | +11.9% |

## Sources

- cafeaberto.com: https://cafeaberto.com/world-food-prices-jump-in-aug-cereal-harvest-outlook-cut-fao.html

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