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UPSC PRELIMS_POWER PLAY- AGRICULTURE SERIES (FAO Food Price Index)

 

FAO Food Price Index

  • The FAO Food Price Index (FFPI) is a measure of the monthly change in international prices of a basket of food commodities.
  • The FAO Food Price Index tracks changes in the international prices of the most globally traded food commodities
  • FFPI was introduced in 1996 to monitor the developments in world agricultural commodity market
  • It consists of the average of five commodity groups price indices weighted by the average export shares of each of the groups over 2014-2016. It includes;
    • FAO Cereal price index
    • FAO Vegetable oil price index
    • FAO Dairy price index
    • FAO Meat price index
    • FAO Sugar Price index
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