The number
The FAO Food Price Index has reached a new 23-month high, hitting 130.7 in April 2026. This represents a significant increase from its previous high of 130.0, observed prior to this recent surge.
Context
Understanding the mechanisms behind these fluctuations is essential. The FAO Food Price Index is a measure of the monthly change in international prices of a basket of food commodities, including wheat. Given that wheat prices are a key component of this index, changes in global wheat production or distribution can significantly impact the overall index value.
Outlook
When considering what to watch next, several factors come into play:
- Monitoring monthly FFPI updates to see if this trend continues or reverses
- Tracking global wheat production, especially in major producing countries, to anticipate potential supply side changes
- Observing how food price volatility affects different regions and economies
- Analyzing the impact of the FFPI at 130.7 on global food security and policy decisions
Source: [FAO FFPI monthly](https://www.fao.org/)