The FAO Food Price Index ( FFPI )
The FAO Food Price Index (FFPI) was introduced in 1996 as a public good to help in monitoring developments in the global agricultural commodity markets. The only major modification made to it – until now – was in 2009, when its base period was updated to 2002-2004. During the significant price hikes in 2008, the FFPI gained in prominence as an indicator of potential food security concerns for vulnerable developing countries. Since then, with the exception of 2009 and 2010, prices of agricultural commodities have remained at relatively high levels compared with those prior to 2008.
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