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UPSC Daily Current Affairs 11-November-2020. World food prices fell for a third consecutive month in April, hit by the economic and logistical impact of the coronavirus pandemic, the United Nations food agency said on 7 May 2020. They exhibited a significant divergence in the period prior to that. The FAO food price index and the domestic consumer food price index (CFPI) inflation rates started moving in tandem from March 2018. The index is a dynamic quantitative and qualitative benchmarking model, constructed from 34 unique indicators, that measures these drivers of food security across both developing and developed countries. According to the FAO, the world food price index fell by 4.3% and world cereal price index fell by 1.9% between February and March 2020 due to the weakening demand for food and the sharp fall in maize prices owing to poor demand for biofuels. FAO index: The FAO index peaked at 240 in … The United Nations Food and Agriculture Organisation’s (FAO’s) food price index, which is a measure of the change in international prices of a basket of major food commodities with reference to a base period (2002-04), touched 182.5 points in January 2020, the … Global food prices continued to rise, according to the FAO Food Price Index also released November 5. FAO index– The FAO index peaked at 240 in February 2011, but … It consists of the average of five commodity group price indices (Cereal, Vegetable Oil, Dairy, Meat and Sugar) weighted with the average export shares of each of the groups for 2002-2004. The FAO Food Price Index is a measure of the monthly change in international prices of a basket of food commodities. How FPI has affected India: The surge in global food prices is reflected in trends in India as well. The FAO food price index and the domestic consumer food price index (CFPI) inflation rates started moving in tandem from March 2018. As per the Global Hunger Index, 2018 , India was ranked 103rd out of 119 qualifying countries. The five groups are given below. However, retail prices of rice and wheat have been rising in the Western economies in March 2020. The FAO Food-Price Index is a measure of the monthly change in international prices of a basket of food commodities. FAO Food Price Index. It consists of the average of five commodity group price indices (representing 55 quotations), weighted with the average export shares of each of the groups for 2002-2004. According to the FAO, the world food price index fell by 4.3% and world cereal price index fell by 1.9% between February and March 2020 due to the weakening demand for food and the sharp fall in maize prices owing to poor demand for biofuels. The Food and Agriculture Organization (FAO) food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 165.5 points last month, down 3.4% in March. Introduction. The Global Food Security Index considers the core issues of affordability, availability, and quality across a set of 113 countries. Climate-smart agriculture (CSA) may be defined as an approach for transforming and reorienting agricultural development under the new realities of climate change (Lipper et al. The forecast for global cereal production was low, the output for 2020 was still expected to reach an all-time high. 2014). • They exhibited a significant divergence in the period prior to that. India ranked 76 th in 113 countries assessed by The Global Food Security Index (GFSI) in the year 2018, based on four parameters—affordability, availability and quality and safety. 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