# FAO Food Price Index Reaches Six-Year High, But Below 2011 Peak | Farm Policy News | Illinois

> The FAO Food Price Index averaged 107.5 points in December 2020, up from 105.2 in November and marking a seventh consecutive monthly rise. The FAO Cereal Price Index rose 1.1% to 115.7 points, with wheat export prices higher on tighter exporter supplies and Russia's export tax. The 2020 index average was 97.9, a three-year high.

- Date: 2021-01-01 · published 2021-01-01T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/49180-fao-food-price-index-reaches-six-year-high-but-below-2011-peak-farm-policy-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Rising cereal and vegetable oil indices signal firmer global feed grain and oilseed costs. Higher world price levels raise input costs for feed manufacturers.

## Read by commodity

- SBO: bullish ▲
- CORN: bullish ▲
- WHEAT: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2021-04-11 | [World food prices reach new peak since July 2011](https://feedsoft.ai/events/47694-world-food-prices-reach-new-peak-since-july-2011.md) | -3.9% | -1.5% |
| 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 | 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% |
| 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 | 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% |
| CORN | 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) | +0.0% | +3.9% |
| CORN | 2021-11-14 | [Fertilizer: “Supply Disruptions Push Prices to New Highs” \| Farm Policy News \| Illinois](https://feedsoft.ai/events/44342-fertilizer-supply-disruptions-push-prices-to-new-highs-farm-policy-news-illinois.md) | -2.1% | +1.5% |
| 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% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2021/01/fao-food-price-index-reaches-six-year-high-but-down-from-2011-peak/

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