The number
The FAO Food Price Index (FFPI) has reached a new 23-month high, standing at 130.7 as of April 1, 2026, surpassing its previous high of 130.0.
Context
The FFPI is a measure of the monthly change in international prices of a basket of food commodities, including wheat, and is used as a benchmark for the global food market. The current surge in the index is primarily driven by increases in the price of wheat and other commodities, with the FFPI rising from its previous high of 130.0. This increase has significant implications for global food security, particularly in regions that rely heavily on imported food staples.
What's next
Key factors to watch in the coming months include:
- The impact of weather conditions on global wheat production, which could further exacerbate price increases if yields are lower than expected
- The response of major food-producing countries to the rising prices, including potential measures to increase production or reduce exports
- The effects of the price surge on global food aid programs, which may face increased costs and reduced purchasing power
- The potential for price volatility to spread to other commodities, including other crops and livestock products
Source: [1] FAO FFPI monthly