# Global food prices fell in 2023 compared to 2022, except for sugar and rice | PBS News

> The FAO Food Price Index fell 13.7% in 2023 versus 2022 averages, with grain prices down 15.4%, while sugar and rice rose. December's index dropped about 10% from December 2022 levels.

- Date: 2024-01-05 · published 2024-01-05T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/6743-global-food-prices-fell-in-2023-compared-to-2022-except-for-sugar-and-rice-pbs
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Lower grain prices reduce feed cost pressure for buyers, while rice and sugar strength driven by Asian climate effects and El Niño concerns signals firmer prices in those markets.

## Read by commodity

- CORN: neutral
- RICE: bullish ▲
- WHEAT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2025-11-26 | [Global Ag News For Nov 26.2025 - ADM Investor Services](https://feedsoft.ai/events/21925-global-ag-news-for-nov-26-2025-adm-investor-services.md) | +1.3% | +3.2% |
| CORN | 2024-12-16 | [Nitrogen Supply Expected to Increase in 2025, Positive News for Price](https://feedsoft.ai/events/27259-nitrogen-supply-expected-to-increase-in-2025-positive-news-for-price.md) | +2.3% | +7.2% |
| CORN | 2025-01-03 | [The FAO Food Price Index 2024 showed falling world sugar prices](https://feedsoft.ai/events/26626-the-fao-food-price-index-2024-showed-falling-world-sugar-prices.md) | -0.3% | +4.7% |
| CORN | 2024-08-02 | [Global Ag News for Aug 2.24 - ADM Investor Services](https://feedsoft.ai/events/28977-global-ag-news-for-aug-2-24-adm-investor-services.md) | -0.6% | -2.2% |
| CORN | 2022-09-27 | [Fertilizer Prices, Rates, and Costs for 2023 - farmdoc daily](https://feedsoft.ai/events/11906-fertilizer-prices-rates-and-costs-for-2023-farmdoc-daily.md) | +1.8% | +4.0% |
| WHEAT | 2022-09-27 | [Global Ag News for Sept 27.22 - ADM Investor Services](https://feedsoft.ai/events/39685-global-ag-news-for-sept-27-22-adm-investor-services.md) | +1.8% | -10.0% |
| WHEAT | 2025-01-03 | [The FAO Food Price Index 2024 showed falling world sugar prices](https://feedsoft.ai/events/26626-the-fao-food-price-index-2024-showed-falling-world-sugar-prices.md) | -1.9% | +2.0% |
| WHEAT | 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) | +3.3% | -0.2% |

## Sources

- pbs.org: https://www.pbs.org/newshour/world/global-food-prices-fell-in-2023-compared-to-2022-except-for-sugar-and-rice

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