Food Price Index (FPI)

In News

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