◂ Event Timeline

Jul 14, 2023REPORTGlobal

FAO Food Price Index | World Food Situation | Food and Agriculture Organization of the United Nations

The FAO Food Price Index averaged 122.3 points in June 2023, down 1.4% from May. The index is continuing its downward trend and sits 23.4% below its March 2022 peak.

WHY IT MATTERS

The continued decline signals easing global food price pressure, which typically supports lower feed input costs. Monthly index moves reflect broad cereal, oilseed and dairy trends.

AFFECTSRough Rice

SOURCE
archive.phJul 14, 2023

Price reaction & history

Rough Riceno directional readSO FAR1d -6.2%5d -16.0%20d -15.2%

After 247 past report events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -1.8% to +2.3%), and +0.9% over 20.

Dec 3, 2020World food price index jumps in November to almost six-year high - FAO-0.7%
Jan 11, 2024932. December 2023 World Food Price Index | Japan International Research Center for Agricultural Sciences | JIRCAS+2.7%
Jan 13, 20261415. World Food Price Trends, December 2025 | Japan International Research Center for Agricultural Sciences | JIRCAS+7.0%
Feb 2, 2024FAO Food Price Index down again in January led by lower wheat and maize prices+3.0%
Aug 9, 2023FAO Food Price Index declines in August-1.9%

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.

Rough Rice RICE · GP ▸

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