Cereals price index worldwide 2024

The FAO Cereals Price Index* reached 173.5 index points in May of 2022. This is the highest index score since the start of the century. The increase in prices started in Autumn of 2021 during the coronavirus pandemic. March 2022, saw the index jump up by almost 25 points due to the war in Ukraine and May 2022 saw an all time high of the index. As of May 2024, the index remains elevated, despite declining since reaching its peak in May of the previous year.

For further information about the coronavirus (COVID-19) pandemic, please visit our dedicated Facts and Figures page. For further information about the Russian invasion of Ukraine, please visit our dedicated page on the topic.

Monthly cereals price index worldwide from January 2000 to May 2024

Characteristic	Food price index (2014-2016=100)
2024-05	118.7
2024-04	111.6
2024-03	110.9
2024-02	113.8
2024-01	119.9
2023-12	122.8
2023-11	121
2023-10	124.8
2023-09	126.3
2023-08	125
2023-07	125.9
2023-06	126.6
2023-05	129.3
2023-04	136.1
2023-03	138.6
2023-02	146.7
2023-01	147.5
2022-12	147.3
2022-11	150.1
2022-10	152.3
2022-09	147.9
2022-08	145.6
2022-07	147.3
2022-06	166.3
2022-05	173.5
2022-04	169.7
2022-03	170.1
2022-02	145.3
2022-01	140.6
2021-12	140.5
2021-11	141.4
2021-10	137.1
2021-09	132.8
2021-08	130.4
2021-07	126.3
2021-06	130.3
2021-05	133.7
2021-04	126.2
2021-03	123.9
2021-02	126.1
2021-01	125
2020-12	116.4
2020-11	114.8
2020-10	112.1
2020-09	104.3
2020-08	99.2
2020-07	97.3
2020-06	97.3
2020-05	98
2020-04	99.6
2020-03	98
2020-02	99.6
2020-01	100.7
2019-12	97.4
2019-11	95.6
2019-10	96
2019-09	91.8
2019-08	92.6
2019-07	97.6
2019-06	99.2
2019-05	94.4
2019-04	94.6
2019-03	97.5
2019-02	100.7
2019-01	101.8
2018-12	101.1
2018-11	99.6
2018-10	100.9
2018-09	100.3
2018-08	103.5
2018-07	98.7
2018-06	100.8
2018-05	105.5
2018-04	104
2018-03	101.8
2018-02	98.4
2018-01	95.2
2017-12	92.4
2017-11	92.1
2017-10	91.8
2017-09	92.1
2017-08	92.3
2017-07	96.9
2017-06	92.4
2017-05	88.3
2017-04	86.9
2017-03	87.9
2017-02	90
2017-01	88.7
2016-12	86.1
2016-11	86
2016-10	86.7
2016-09	86.3
2016-08	89.3
2016-07	90.4
2016-06	94.1
2016-05	91.1
2016-04	88.4
2016-03	86.5
2016-02	87.3
2016-01	87.6
2015-12	89.4
2015-11	90.5
2015-10	91.7
2015-09	90.5
2015-08	91.9
2015-07	98.9
2015-06	96.7
2015-05	95.7
2015-04	98.2
2015-03	99.5
2015-02	101.6
2015-01	105.9
2014-12	110.9
2014-11	109.3
2014-10	108.2
2014-09	107.4
2014-08	110.4
2014-07	112.2
2014-06	118.7
2014-05	125.2
2014-04	125.5
2014-03	125.4
2014-02	119.7
2014-01	117
2013-12	117.9
2013-11	118
2013-10	118.7
2013-09	116.7
2013-08	119.2
2013-07	126.4
2013-06	133.8
2013-05	136.4
2013-04	134.9
2013-03	139.9
2013-02	142.3
2013-01	145.2
2012-12	146.4
2012-11	148.5
2012-10	146.5
2012-09	146.8
2012-08	147.1
2012-07	143.9
2012-06	125.3
2012-05	126.3
2012-04	129.1
2012-03	130.6
2012-02	131.1
2012-01	127.2
2011-12	124.4
2011-11	130.9
2011-10	133.1
2011-09	140.5
2011-08	144.9
2011-07	140.5
2011-06	147.1
2011-05	150.9
2011-04	151.7
2011-03	145.5
2011-02	151.4
2011-01	144.9
2010-12	139.7
2010-11	132.4
2010-10	130.6
2010-09	125.9
2010-08	112.9
2010-07	95.3
2010-06	87.8
2010-05	90.6
2010-04	90.7
2010-03	91.8
2010-02	94
2010-01	98.4
2009-12	99
2009-11	98
2009-10	93.8
2009-09	89.8
2009-08	91.9
2009-07	94.5
2009-06	103
2009-05	103.3
2009-04	98.1
2009-03	97.2
2009-02	97.2
2009-01	100.4
2008-12	95.1
2008-11	96
2008-10	104.9
2008-09	125.3
2008-08	136.5
2008-07	148.2
2008-06	160.3
2008-05	157.4
2008-04	162.7
2008-03	163.3
2008-02	160.8
2008-01	141
2007-12	132.2
2007-11	121
2007-10	121.3
2007-09	117.2
2007-08	102.1
2007-07	94.9
2007-06	91.9
2007-05	86.6
2007-04	85.1
2007-03	86.4
2007-02	87
2007-01	85.1
2006-12	85.4
2006-11	85.3
2006-10	79.9
2006-09	72.5
2006-08	69.6
2006-07	69.9
2006-06	67.8
2006-05	67.8
2006-04	65.1
2006-03	63.9
2006-02	64.8
2006-01	62.7
2005-12	61.5
2005-11	60.6
2005-10	62.1
2005-09	61.5
2005-08	60.9
2005-07	61.2
2005-06	60.2
2005-05	59.4
2005-04	59.5
2005-03	61.5
2005-02	60.3
2005-01	60.5
2004-12	60.5
2004-11	60
2004-10	59.3
2004-09	60
2004-08	59.1
2004-07	60.7
2004-06	66.4
2004-05	68.8
2004-04	70.2
2004-03	68.5
2004-02	67.5
2004-01	66.9
2003-12	65.7
2003-11	64.8
2003-10	60.6
2003-09	60.5
2003-08	59.9
2003-07	56.5
2003-06	57.7
2003-05	58.2
2003-04	56.4
2003-03	56.5
2003-02	57.8
2003-01	58
2002-12	59.8
2002-11	63
2002-10	64.4
2002-09	63.8
2002-08	58.1
2002-07	54.6
2002-06	52
2002-05	50.2
2002-04	49.3
2002-03	49.6
2002-02	50.4
2002-01	51.7
2001-12	52
2001-11	51.9
2001-10	51
2001-09	51.2
2001-08	51.6
2001-07	51.7
2001-06	51
2001-05	51.7
2001-04	51
2001-03	52.2
2001-02	53
2001-01	53.9
2000-12	53.7
2000-11	52.1
2000-10	51.2
2000-09	49.4
2000-08	48.6
2000-07	49.8
2000-06	51.4
2000-05	52.8
2000-04	51.8
2000-03	51.7
2000-02	52.2
2000-01	52.1

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Release date

June 2024

More information

Region

Worldwide

Survey time period

January 2000 to May 2024

Special properties

Nominal data

Supplementary notes

* The source notes about the index: "Cereals Price Index: Compiled using the International Grains Council (ICG) wheat price index (an average of 10 different wheat price quotations), the IGC maize price index, (an average of 4 different maize price quotations), the IGC barley price index (an average of 5 different barley price quotations), 1 sorghum export quotation and the FAO All Rice Price Index. The FAO All Rice Price Index is based on 21 rice export quotations, combined into four groups consisting of Indica, Aromatic, Japonica, and Glutinous rice varieties. Within each varietal group, a simple average of the relative prices of appropriate quotations is calculated; then average relative prices of each of the four rice varieties are combined by weighting them with their (fixed) trade share for 2014-2016. The Cereal Price Index combines the relative prices of the sorghum, the IGC wheat, maize, and barley price indices (re-based to 2014-2016), and the FAO All Rice Price Index by weighting each commodity with its average export trade share for 2014-2016."

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