Why in the News?
The FAO Food Price Index increased in March 2026, mainly due to rising energy costs linked to the West Asia conflict, which pushed up global food prices.
What is FAO Food Price Index
The FAO Food Price Index (FFPI):
- Measures monthly change in global food prices
- Tracks international food commodity prices
- Published by Food and Agriculture Organization (FAO)
Components of FAO Food Price Index
- The index includes five commodity groups:
- Cereals
- Vegetable oils
- Dairy
- Meat
- Sugar
- These are weighted based on average export shares.
Base Year
- Base period: 2014–2016 = 100
About FAO
Food and Agriculture Organization (FAO)
- Specialized agency of United Nations
- Established: 1945
- Headquarters: Rome, Italy
- Members: 195
- 194 countries
- European Union
| [2016] The FAO accords the status of ‘Globally Important Agricultural Heritage System (GIAHS)’ to traditional agricultural systems. What is the overall goal of this initiative? 1 To provide modern technology, training in modern farming methods and financial support to local communities of identified GIAHS so as to greatly enhance their agricultural productivity. 2 To identify and safeguard eco-friendly traditional farm practices and their associated landscapes, agricultural biodiversity and knowledge systems of the local communities. 3 To provide Geographical Indication status to all the varieties of agricultural produce in such identified GIAHS. Select the correct answer using the code given below: (a) 1 and 3 only (b) 2 only (c) 2 and 3 only (d) 1, 2 and 3 |
