World Food Price Index:
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Food Price Index is released by Food and Agriculture Organisation (FAO).
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The index was introduced in 1996 to help in monitoring the developments in the global agricultural commodity markets.
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Purpose: The index is a measure of the monthly change in international prices of a basket of food commodities.
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Commodities: It consists of the average of five commodity group price indices. Such as cereal, vegetable, dairy, meat and sugar. Also, these five indices is given weightage based on the average export shares.
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Base Year: The Base Year for the index is 2014-16.
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As per FPI world food prices rose for a 11th consecutive month in April.