Food Price Indices¶

Conflict Impact on Food

Iran is a significant producer of natural gas (used for fertilizer production). Conflict-driven energy price spikes cascade into higher food production costs globally.

FAO Food Price Index (Base: 2014-16 = 100)¶

xychart-beta
    title "FAO Food Price Index"
    x-axis ["03-01", "05-01", "07-01", "09-01", "11-01", "01-01", "03-01"]
    y-axis "Index (2014-16=100)" 0 --> 153
    line [127.2, 127.1, 129.8, 128.6, 125.2, 124.2, 140.7]

FAO Food Price Index

Current Indices¶

Index	Value	Updated
FAO Food	141.7	2026-03-01
Cereals	128.5	2026-03-01
Oils	145.8	2026-03-01
Dairy	131.4	2026-03-01
Meat	126.4	2026-03-01
Sugar	139.6	2026-03-01

Food Market News¶

2026-03-16 — Wheat prices spike as Iran fertilizer exports halt Iran's suspension of fertilizer exports due to port closures threatens the upcoming spring planting season across key agricultural importers. Wheat futures rose 8% on Chicago Board of Trade amid supply concerns.

Last updated: 2026-03-20 | Source: FAO, World Bank