Mumbai, March 7 -- The FAO Food Price Index (FFPI) averaged 127.1 points in February 2025, up 2.0 points (1.6 percent) from its revised January level. The overall index was 9.7 points (8.2 percent) higher than its corresponding level one year ago; however, it remained 33.1 points (20.7 percent) below the peak reached in March 2022.
The FAO Cereal Price Index averaged 112.6 points in February, rising by 0.8 points (0.7 percent) from January but remaining 1.2 points (1.1 percent) below its February 2024 level. Wheat export prices increased month-on-month, driven by tighter domestic supplies in the Russian Federation, which constrained export volumes and shifted demand to other suppliers, adding upward pressure on global prices.
The FAO Vege...