FAO Index: Global Food Prices Rose in September 2024
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Global food prices in September 2024 were recorded to have risen. This is evident from the global food index value which moved up 3.68 points to the 124.4 level. The previous month, the global food index according to Food and Agriculture Organization (FAO) data stood at 120.72 points.
The largest increase occurred in the meat group, which rose by 0.35%. Historically, meat price increases this year took place in March, July, August, and September. Price decreases occurred in January, February, April, May, and June, with the lowest price drop previously recorded in August.
(Read: Food and Non-Food Poverty Lines for the 2013-2025 Period)
This was followed by cereal prices, which increased by 3.01%. For cereal prices in January, February, March, April, May, June, July, August, and September, the FAO reported that this year's conditions are better as prices were recorded to have decreased, with the lowest price drop previously occurring in March.
(Read: Branded Packaged Cooking Oil 1 is Most Expensive in Papua, Indonesia (Tuesday, February 24, 2026))
Other conditions include dairy prices rising by 3.79%, followed by the vegetable oil index increasing by 4.58%, and the smallest increase being in the sugar index, which rose by 11.88 points or 10.43% to the 125.74 level.
This global food price index is at the highest point reached throughout this year. Meanwhile, since the start of the year, the food price index has grown by 5.7% (year to date).
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."
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