FAO: 'Food prices rise to record levels'

The FAO food price index reached almost its highest level in 10 years in August 2021. World food commodity prices rebounded rapidly after two consecutive months of decline, led by strong increases in international price quotations for sugar, wheat and vegetable oils.

The FAO food price index averaged 127.4 points in August, up 3.1 per cent from July and 32.9 per cent from the same month in 2020. 

The FAO sugar price index increased by 9.6 per cent compared to July. The FAO vegetable oil price index increased by 6.7 per cent in August, with international palm oil prices again reaching historic highs. Prices for rapeseed oil and sunflower oil also rose.

The FAO grain price index was on average 3.4 per cent higher in August than in July. The FAO meat price index rose slightly in August. And the dairy price index decreased slightly compared to July.

Fao.org