# FAO Food Price Index unchanged in September

> The FAO Food Price Index was unchanged at 121.5 points in September, as higher sugar and maize prices offset lower vegetable oil, dairy and meat prices. Maize rose 7% on strong Brazilian demand, slower Argentine farmer selling and higher barge freight from low Mississippi River water levels, while wheat fell 1.6% and vegetable oils fell 3.9%.

- Date: 2023-06-10 · published 2023-06-10T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/6886-fao-food-price-index-unchanged-in-september
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Barge Freight (St. Louis)](https://feedsoft.ai/c/BARGE.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stronger maize prices and higher barge freight raise US and export feed costs, while lower vegetable oil and wheat prices offer some offsetting relief.

## Read by commodity

- SBO: bearish ▼
- CORN: bullish ▲
- BARGE: bullish ▲
- WHEAT: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-02-12 | [FAO Food Price Index rises in November](https://feedsoft.ai/events/9251-fao-food-price-index-rises-in-november.md) | -1.6% | +3.1% |
| 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% |
| CORN | 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) | -1.2% | +0.6% |
| 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% |
| WHEAT | 2023-08-09 | [FAO Food Price Index declines in August](https://feedsoft.ai/events/34646-fao-food-price-index-declines-in-august.md) | -1.7% | -7.8% |
| WHEAT | 2025-04-04 | [FAO Food Price Index remains stable in March](https://feedsoft.ai/events/25161-fao-food-price-index-remains-stable-in-march.md) | -0.7% | +2.5% |
| WHEAT | 2020-04-06 | [FAO Food Price Index falls to 17-month low](https://feedsoft.ai/events/53588-fao-food-price-index-falls-to-17-month-low.md) | +2.3% | +1.8% |

## Sources

- fao.org: https://www.fao.org/newsroom/detail/fao-food-price-index-unchanged-in-september/en

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