# FAO Food Price Index declined in February | PotatoPro

> The FAO Food Price Index averaged 180.5 points in February 2020, down 1.0% from January but 8.1% above a year earlier. Cereal prices fell 0.9%, with all major cereals except rice declining, while vegetable oil prices dropped 10.3% led by a 12% fall in palm oil.

- Date: 2020-03-05 · published 2020-03-05T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/7992-fao-food-price-index-declined-in-february-potatopro
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Corn](https://feedsoft.ai/c/CORN.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Weaker vegetable oil and maize prices reduce input costs for feed compounders, while firm rice prices signal tightness in Asian and American export supplies.

## Read by commodity

- CORN: bearish ▼
- RICE: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 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) | +0.7% | -7.2% |
| PALMOIL | 2018-08-03 | [FAO Food Price Index July Falls Sharply – BE PROFY IN POTATOES NEWS](https://feedsoft.ai/events/8646-fao-food-price-index-july-falls-sharply-be-profy-in-potatoes-news.md) | +2.0% | +0.9% |
| PALMOIL | 2023-06-10 | [FAO Food Price Index unchanged in September](https://feedsoft.ai/events/6886-fao-food-price-index-unchanged-in-september.md) | +5.9% | +14.8% |
| PALMOIL | 2023-03-02 | [Global food prices decline further in January](https://feedsoft.ai/events/12653-global-food-prices-decline-further-in-january.md) | -0.0% | -5.3% |
| PALMOIL | 2022-05-08 | [Global food commodity prices decline in July](https://feedsoft.ai/events/41443-global-food-commodity-prices-decline-in-july.md) | -0.6% | +0.9% |
| CORN | 2023-08-09 | [FAO Food Price Index declines in August](https://feedsoft.ai/events/34646-fao-food-price-index-declines-in-august.md) | -3.0% | -2.6% |
| CORN | 2018-08-03 | [FAO Food Price Index July Falls Sharply – BE PROFY IN POTATOES NEWS](https://feedsoft.ai/events/8646-fao-food-price-index-july-falls-sharply-be-profy-in-potatoes-news.md) | +8.6% | -3.7% |
| CORN | 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) | +3.4% | +2.3% |

## Sources

- potatopro.com: https://www.potatopro.com/news/2020/fao-food-price-index-declined-february

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