FAO Food Price Index : Report
The Food and Agriculture Organization’s (FAO) price index fell to a new two-year low in August.
- FAO Food Price Index is a measure of the monthly change in international prices of a basket of food commodities.
- It consists of the average of five commodity group price indices (cereal, vegetable, dairy, meat, and sugar), weighted with the average export shares.
- Base year: 2014-16
FAO:
- It is a specialised agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security.
- Its goal is to achieve food security for all and make sure that people have regular access to enough high-quality food to lead active, healthy lives.
- Headquarter: Rome (Italy).
- Member countries: With 195 members – 194 countries and the European Union, FAO works in over 130 countries worldwide.
- The World Food Programme (WFP) and the International Fund for Agricultural Development (IFAD) are its sister bodies.
- Reports published by the FAO: The State of the World’s Forests (SOFO), The State of World Fisheries and Aquaculture (SOFIA), The State of Agricultural Commodity Markets (SOCO), The State of Food Security and Nutrition in the World (SOFI)
