Press Release — The index of world food prices, which tracks
monthly changes in international prices of the most globally traded food
commodities, decreased for the ninth consecutive month in December 2022,
declining by 1.9 percent from the previous month, the UN’s
Food and Agriculture Organization (FAO) reported on Friday.
اضافة اعلان
The FAO said in a
press release that the index averaged
132.4 points in December, 1percent below its value a year earlier. However, for
2022 as a whole, the index averaged 143.7 points, 14.3 percent higher than the
average value over 2021.
“Calmer food
commodity prices are welcome after two very volatile years,”
FAO Chief Economist Maximo Torero said. “It is important to remain vigilant and keep a
strong focus on mitigating global food insecurity given that world food prices
remain at elevated levels, with many staples near record highs, and with prices
of rice increasing, and still many risks associated with future supplies”
Looking back
on 2022As the FAO
Food Price Index average over 2022 was notably higher than the previous year, which
on top of large increases in 2021 catalyzed
significant strains and food security concerns for lower-income food-importing
countries. The higher index also triggered the adoption of a “Food Shock
Window” lending facility by the International Monetary Fund.
“It is important to remain vigilant and keep a strong focus on mitigating global food insecurity given that world food prices remain at elevated levels.”
World prices of
wheat and maize reached record highs over the past year. The average value of
the
FAO Vegetable Oil Price Index for all of 2022 also reached a new record
high, while the FAO Dairy Price Index and Meat Price Index marked their highest
full-year levels since 1990.
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