World Current Affairs MCQs

Which organisation publishes the Food Price Index (FFPI)?

A. UNICEF
B. FAO
C. IMF
D. World Bank

B. FAO (Food and Agriculture Organization)

The Food Price Index (FFPI) is a measure of the monthly change in international prices of a basket of food commodities. It is published by the Food and Agriculture Organization of the United Nations (FAO), which is a specialized agency of the United Nations that leads international efforts to defeat hunger and improve nutrition and food security. The FFPI is based on the average of five commodity group price indices, weighted with the average export shares of each of the groups for 2002-2004. The five commodity groups are cereals, vegetable oils, dairy, meat, and sugar. The FFPI is an important indicator of global food prices and is used by governments, researchers, and the private sector to monitor food price trends and assess the impact of food price changes on vulnerable populations.

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