# FAO Food Price Index Climbs, While Some See Continued Strong Chinese Demand for Agricultural Commodities | Farm Policy News | Illinois

> The FAO Food Price Index rose for a ninth straight month in February 2021 to a six-year high, led by sugar and vegetable oils. The FAO raised its 2020 world cereal production forecast to 2.761 billion tonnes, with record wheat output expected for the next season.

- Date: 2021-03-07 · published 2021-03-07T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8637-fao-food-price-index-climbs-while-some-see-continued-strong-chinese-demand-for
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

Rising global food prices and record expected wheat output present mixed signals, with vegetable oil and sugar costs climbing while grain supply prospects improve.

## Read by commodity

- SBO: bullish ▲
- CORN: neutral
- WHEAT: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-04-10 | [USDA Raises Wheat, Corn and Soy Price Estimates - Farm Policy News](https://feedsoft.ai/events/19746-usda-raises-wheat-corn-and-soy-price-estimates-farm-policy-news.md) | +3.8% | +0.3% |
| WHEAT | 2025-06-01 | [Seasonal conditions \| Agricultural Commodities](https://feedsoft.ai/events/24119-seasonal-conditions-agricultural-commodities.md) | +2.9% | +1.7% |
| WHEAT | 2016-10-24 | [EU wheat prices mixed on Chicago slide, better export prospects - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/10537-eu-wheat-prices-mixed-on-chicago-slide-better-export-prospects-agweek-1-source.md) | -2.0% | -0.5% |
| WHEAT | 2024-01-05 | [Global food prices fell in 2023 compared to 2022, except for sugar and rice \| PBS News](https://feedsoft.ai/events/6743-global-food-prices-fell-in-2023-compared-to-2022-except-for-sugar-and-rice-pbs.md) | -2.2% | -2.1% |
| 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% |
| SBO | 2021-01-01 | [FAO Food Price Index Reaches Six-Year High, But Below 2011 Peak \| Farm Policy News \| Illinois](https://feedsoft.ai/events/49180-fao-food-price-index-reaches-six-year-high-but-below-2011-peak-farm-policy-news.md) | +0.4% | +0.0% |
| SBO | 2022-04-10 | [FAS Report: "The Ukraine Conflict and Other Factors Contributing to High Commodity Prices and Food Insecurity" - Farm Policy News](https://feedsoft.ai/events/14942-fas-report-the-ukraine-conflict-and-other-factors-contributing-to-high.md) | +0.2% | +0.9% |
| SBO | 2022-12-15 | [679. November 2022 World Food Price Index　 \| Japan International Research Center for Agricultural Sciences \| JIRCAS](https://feedsoft.ai/events/38272-679-november-2022-world-food-price-index-japan-international-research-center.md) | -0.0% | -2.6% |

## Sources

- farmpolicynews.illinois.edu: https://farmpolicynews.illinois.edu/2021/03/fao-food-price-index-climbs-while-some-see-continued-strong-chinese-demand-for-agricultural-commodities/

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