# Another surge in the value of FAO Food Price Index in January -

> The FAO Food Price Index averaged 113.3 points in January 2021, up 4.3% from December and the highest since July 2014. Maize prices rose 11.2% in the month on tight US supply and Chinese purchases, and wheat and barley also rose.

- Date: 2021-02-04 · published 2021-02-04T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/48657-another-surge-in-the-value-of-fao-food-price-index-in-january
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

Rising global cereal prices, led by maize, raise the cost of feed ingredients. Reduced Russian wheat sales expected after the March export duty increase could keep wheat firm.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲
- SORGHUM: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 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) | -1.2% | +0.6% |
| CORN | 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) | +2.0% | -3.2% |
| CORN | 2021-02-12 | [FAO Food Price Index rises in November](https://feedsoft.ai/events/9251-fao-food-price-index-rises-in-november.md) | -1.6% | +3.1% |
| CORN | 2022-04-03 | [FAO Food Price Index rises to record high in February](https://feedsoft.ai/events/41782-fao-food-price-index-rises-to-record-high-in-february.md) | +5.4% | -0.7% |
| CORN | 2023-06-10 | [FAO Food Price Index unchanged in September](https://feedsoft.ai/events/6886-fao-food-price-index-unchanged-in-september.md) | +6.8% | -3.2% |
| 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 | 2022-04-03 | [FAO Food Price Index rises to record high in February](https://feedsoft.ai/events/41782-fao-food-price-index-rises-to-record-high-in-february.md) | -7.3% | -4.2% |

## Sources

- uga.ua: https://uga.ua/en/news/another-surge-in-the-value-of-fao-food-price-index-in-january/

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