UN / FOOD PRICE INDEX

The Senior Economist of the Food and Agriculture Organization (FAO) said international food prices “have come down from the highs that prevailed in the first few months of this year,” However, “this has yet to translate into better access to food for many people or over retail prices.” UNIFEED

• Categories: News & Features / News Stories / Unifeed
• Video Length: 00:01:53
• Production Date: 4 November 2022
• Asset Language: English
• Personal Subject: STEPHANE DUJARRIC
• Corporate Name: FOOD AND AGRICULTURE ORGANIZATION - FAO
• Subject Topical: FOOD INDUSTRY; FOOD PRODUCTION; FOOD SECURITY
• MAMS Id: 2977511
• Parent Id: 2977511
• Alternate Title: unifeed221104a

Description

STORY: UN / FOOD PRICE INDEX
TRT: 01:53
SOURCE: UNIFEED
RESTRICTIONS: NONE
LANGUAGES: ENGLISH / NATS

DATELINE: 04 NOVEMBER 2022, NEW YORK CITY / FILE

Shotlist

FILE - NEW YORK CITY

1. Wide shot, exterior UN Headquarters

04 NOVEMBER 2022, NEW YORK CITY

2. Wide shot, press room dais
3. SOUNDBITE (English) Upali Galketi Aratchilage, Senior Economist, Food and Agriculture Organization (FAO):
“International food prices - as measured by the FAO Food Price Index, have come down from the highs that prevailed in the first few months of this year, reaching its peak in March. However, we have noticed, or we all know now, that this has yet to translate into better access to food for many people or over retail prices.”
4. Wide shot, press room dais
5. SOUNDBITE (English) Upali Galketi Aratchilage, Senior Economist, Food and Agriculture Organization (FAO):
“The cereal Price Index increased for the second consecutive month, driven by increases across the board. Wheat and maize prices increased underpinned by uncertainty regarding the Black Sea grain initiative and production concerns in some major exporting countries. International rice prices also rose moderately.”
6. Wide shot, press room dais
7. SOUNDBITE (English) Upali Galketi Aratchilage, Senior Economist, Food and Agriculture Organization (FAO):
“In October, the Food Price Index as a whole was virtually unchanged, as increases in cereal prices were almost offset by declines in other indices namely dairy, vegetable oils, meat, sugar, which fell month on month by around 1.5 percent and for sugar 0.6 percent. With this change, the index has dropped by nearly 15 percent from its peak in March this year.”
8. Wide shot, end of presser

Storyline

The Senior Economist of the Food and Agriculture Organization (FAO) today (4 Nov) said international food prices “have come down from the highs that prevailed in the first few months of this year,” However, “this has yet to translate into better access to food for many people or over retail prices.”

The economist, Upali Galketi Aratchilage, said the Cereal Price Index increased for the second consecutive month, “driven by increases across the board,” while wheat and maize prices increased “underpinned by uncertainty regarding the Black Sea grain initiative and production concerns in some major exporting countries.”

Aratchilage said a whole, the Food Price Index “was virtually unchanged” in October, “as increases in cereal prices were almost offset by declines in other indices namely dairy, vegetable oils, meat, sugar, which fell month on month by around 1.5 percent and for sugar 0.6 percent.”

Food prices, as measured by the FAO Food Price Index, reached their peak in March 2022 and have dropped by nearly 15 percent since.