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New FAO food price database launched

19-Mar-2009

Related topics: Financial

The UN’s Food and Agriculture Organization has launched a new online tool to track food prices in 55 developing countries, as part of its food price spike response.

The National Basic Food Prices Data and Analysis Tool gives the option of searching for various commodities in a given country either in the local currency or in US dollars, and allows for price comparisons between domestic and international markets, between different markets in the same country, and between countries.

 

“While food prices have fallen internationally, as indicated by the FAO food price index, this tool shows that in developing countries they have not fallen so fast, or at all,” said Liliana Balbi, a senior economist with FAO’s Global Information and Early Warning System.

 

“The easy-to-use database will be an invaluable source of information for policy and decision-makers in agricultural production and trade, development and also humanitarian work.”

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