# FAO Food Price Index edges higher in February

> The FAO Food Price Index rose 0.5 percent in February to 175.5 points, its seventh consecutive monthly gain and highest in almost two years. The cereal index rose 2.5 percent on wheat, while the vegetable oil index fell 4.1 percent. FAO also projected 2017 global wheat output at 744.5 million tonnes, a 1.8 percent decline.

- Date: 2017-02-03 · published 2017-02-03T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8602-fao-food-price-index-edges-higher-in-february
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md)

## Why it matters

A projected drop in global wheat output and firmer cereal prices support feed grain costs, while weaker vegetable oil prices on slowing palm oil import demand point to softer oilseed meal and oil inputs.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 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) | -7.3% | -4.2% |
| WHEAT | 2021-02-12 | [FAO Food Price Index rises in November](https://feedsoft.ai/events/9251-fao-food-price-index-rises-in-november.md) | +9.9% | +9.2% |
| 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 | 2021-02-04 | [Another surge in the value of FAO Food Price Index in January -](https://feedsoft.ai/events/48657-another-surge-in-the-value-of-fao-food-price-index-in-january.md) | -0.2% | +11.9% |
| 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% |
| CORN | 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) | +5.4% | -0.7% |
| 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% |

## Sources

- fao.org: https://www.fao.org/newsroom/detail/FAO-Food-Price-Index-edges-higher-in-February/en

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