# FAO Food Price Index July Falls Sharply – BE PROFY IN POTATOES NEWS

> The FAO Food Price Index averaged 168.8 points in July 2018, down 6.5 points (3.7%) from June, marking the first significant monthly decline since December 2017. Cereal, vegetable oil and other sub-indices all fell, with weaker palm and soy oil values pressuring the vegetable oil index to a two-and-a-half year low. Wheat and maize prices rallied late in the month on EU and Russian production concerns and weather worries.

- Date: 2018-08-03 · published 2018-08-03T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/8646-fao-food-price-index-july-falls-sharply-be-profy-in-potatoes-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Broad declines across cereals and vegetable oils signal softer global feed and oilseed input costs, though late-month wheat and maize gains show support from production worries. Buyers should note that the index reflects price levels rather than a new supply shock.

## Read by commodity

- SBO: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2020-03-05 | [FAO Food Price Index declined in February \| PotatoPro](https://feedsoft.ai/events/7992-fao-food-price-index-declined-in-february-potatopro.md) | +0.2% | -2.5% |
| CORN | 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) | -3.8% | -7.7% |
| 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 | 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% |
| CORN | 2026-07-06 | [FAO Cereal Price Index falls by 3.5% \| World Grain](https://feedsoft.ai/events/18411-fao-cereal-price-index-falls-by-3-5-world-grain.md) | -0.6% | +0.8% |
| 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% |
| WHEAT | 2023-02-04 | [FAO Food Price Index continues to decline in January 2023 \| PotatoPro](https://feedsoft.ai/events/12880-fao-food-price-index-continues-to-decline-in-january-2023-potatopro.md) | +2.9% | -4.5% |
| 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% |

## Sources

- potatoes.news: https://potatoes.news/fao-food-price-index-july-falls-sharply/

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