# Food prices have risen to their highest level since 2022 - Agrobitė

> The FAO Food Price Index rose 1.9% to 133.3 points in August, its highest level since November 2022 and its second straight monthly gain. Cereal prices rose 2.2% and vegetable oil prices rose 0.6%, led by palm and soy oil, while sugar jumped 11.9%.

- Date: 2020-06-06 · published 2020-06-06T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/52682-food-prices-have-risen-to-their-highest-level-since-2022-agrobite
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

Higher cereal and vegetable oil prices raise the cost of feed energy and protein ingredients, and palm and soy oil strength supports oilseed-based feed costs. Concerns about Black Sea export flows and crop weather add to upward pressure.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 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) | +5.8% | +22.2% |
| PALMOIL | 2026-05-08 | [World food prices rise to more than three year high in April, FAO says - Grainews](https://feedsoft.ai/events/19272-world-food-prices-rise-to-more-than-three-year-high-in-april-fao-says-grainews.md) | -2.4% | -2.4% |
| PALMOIL | 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) | +2.0% | +16.0% |
| PALMOIL | 2020-03-12 | [FAO Food Price Index rises sharply](https://feedsoft.ai/events/54057-fao-food-price-index-rises-sharply.md) | -4.4% | -4.8% |
| PALMOIL | 2024-11-01 | [Crude palm oil prices likely to remain high through the first quarter of 2025](https://feedsoft.ai/events/4986-crude-palm-oil-prices-likely-to-remain-high-through-the-first-quarter-of-2025.md) | +9.9% | +9.2% |
| SBO | 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) | +272.9% | +265.3% |
| SBO | 2026-05-08 | [World food prices rise to more than three year high in April, FAO says - Grainews](https://feedsoft.ai/events/19272-world-food-prices-rise-to-more-than-three-year-high-in-april-fao-says-grainews.md) | -2.6% | -2.7% |
| SBO | 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) | +1.8% | +16.8% |

## Sources

- agrobitenews.com: https://agrobitenews.com/lithuania/important/food-prices-have-risen-to-their-highest-level-since-2022

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