ForumIAS LATEST
- Prelims Test Series (PTS) for Prelims 2027 starts 11th Oct. 2026 Click Here to know more →
- Ethics Redbook 3rd Edition: A Textbook That Teaches You How to Think Ethically Click Here to Read More →
- 21 Sept. | Forum Residential Coaching (FRC) for UPSC preparation Click Here to know more →
- 21 Sept. | GS Advance Program (GSAP) for UPSC 2027 Mains starts from 10th Oct. Click Here to Read More →
News: According to Food and Agriculture Organization’s (FAO) Food Price Index, Global food commodity prices rose for the second month in a row in July 2025.
About FAO Food Price Index (FFPI)
- It is a food price index by the Food and Agriculture Organization (FAO) of the United Nations.
- It measures international price movements of a basket of food commodities over time, in nominal and real terms.
- Commodity coverage
- The Index encompasses 24 basic food commodities that are globally traded.
- These commodities are grouped into five major groups – cereals, dairy products, vegetable oils, sugar and meat, for which a respective price index is calculated.
- Aggregation: The five commodity group price indices are combined by weighting them with the average export shares of each of the groups for 2014-2016.
- These trade weights are sourced from the FAOSTAT database.
- Prices: In total 95 commodity quotations (export, spot, prices), all expressed in terms of US Dollars, are included in the FPI.
- Base period: 2014-2016
- Index form: Laspeyres
- Frequency and span: Monthly from January 1990 and annual from 1961
- Deflator: World Bank’s Manufactures Unit Value Index (MUV).
About Food and Agriculture Organization’s (FAO)
|
