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Moderation in FAO Food Index for January 2023

 02/06/2023

The United Nations Food and Agriculture Organization (FAO) posted a world food-price index value of 131.2 points for January 2023 compared to 132.2 for December 2022.

 

The reduction in the index was due to concurrent declines in the Vegetable Oils, Dairy, and Sugar Indexes.  The Cereals and Meat categories were unchanged from December 2022.  The January index represented the 10th consecutive month of declines and is down 18 percent from the record high in March 2022 following the invasion of Ukraine by the Russian Federation.