Food Price Index (FPI)

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    The UN Food and Agricultural Organisation’s Food Price Index (FPI) averaged 135.9 points in October, marginally lower compared to the previous month’s 136 points.

    • This marks the seventh successive month of decline in the index, which is a weighted average of world prices of a basket of food commodities over a base period value, taken at 100 for 2014-16.

    About 

    • The FAO Food Price Index (FFPI) is a measure of the monthly change in international prices of a basket of food commodities. 
    •  It consists of the average of five commodity group price indices weighted by the average export shares of each of the groups over 2014-2016.

    Food and Agriculture Organization

    • About:
      • It is a specialized agency established by the United Nations in 1945 that leads international efforts to defeat hunger.
      • It is headquartered in Rome, Italy.
      • It strives to provide information and support sustainable agriculture through legislation and national strategies, with a goal of alleviating hunger.
      • It works to achieve food security for all and make sure that people have regular access to enough high-quality food to lead active, healthy lives. 
    • Major Publications released:
      • The State of World Fisheries and Aquaculture (SOFIA).
      • The State of the World’s Forests (SOFO).
      • The State of Food Security and Nutrition in the World (SOFI).

    Source:IE