# World food price index ends 2023 some 10% below 2022 levels

> The FAO cereal price index rose 1.5% in December from November, with wheat, maize, rice and barley all higher on hindered shipments from major exporters. For 2023 as a whole, cereal prices were 15.4% below 2022.

- Date: 2024-01-05 · published 2024-01-05T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/6744-world-food-price-index-ends-2023-some-10-below-2022-levels
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Shipping hindrances from major exporters tighten near-term grain supply and support feed grain prices, though the annual decline shows a loosening trend.

## Read by commodity

- CORN: bullish ▲
- RICE: bullish ▲
- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2024-01-05 | [FAO Food Price index eased substantially in 2023](https://feedsoft.ai/events/6740-fao-food-price-index-eased-substantially-in-2023.md) | -2.2% | -2.1% |
| WHEAT | 2026-09-04 | [FAO Food Price Index rises again \| World Grain](https://feedsoft.ai/events/17533-fao-food-price-index-rises-again-world-grain.md) | +1.4% | +0.4% |
| 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% |
| 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 | 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% |
| CORN | 2024-01-05 | [FAO Food Price index eased substantially in 2023](https://feedsoft.ai/events/6740-fao-food-price-index-eased-substantially-in-2023.md) | -1.5% | -2.4% |
| CORN | 2026-09-04 | [FAO Food Price Index rises again \| World Grain](https://feedsoft.ai/events/17533-fao-food-price-index-rises-again-world-grain.md) | +0.5% | +1.9% |
| CORN | 2020-03-12 | [FAO Food Price Index rises sharply](https://feedsoft.ai/events/54057-fao-food-price-index-rises-sharply.md) | -7.4% | -3.7% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/world-food-price-index-ends-2023-some-10-below-2022-levels-2024-01-05/

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