Company Overview
The Food and Agriculture Organization (FAO) is a specialized agency of the United Nations, established in October 1945. It is headquartered in Rome, Italy, and operates in over 130 countries globally. The organization's primary mission is to lead international efforts to defeat hunger and improve nutrition and food security.
Financial Indicators
The FAO Food Price Index (FFPI) is a crucial measure of the monthly change in international prices of a basket of food commodities, including dairy products. As of November 2024, the FFPI climbed to 127.5 points, marking a 0.5% increase from October and the highest level since April 2023. However, in May 2025, the FFPI average value was recorded at 127.7 points, indicating a decrease in global food prices from previous months.
Significant Events
Recent data highlights ongoing challenges in global food supply chains, influenced by geopolitical tensions, climate conditions, and market dynamics. The increase in the FFPI has significant implications for global food security, potentially leading to increased consumer costs, especially in low-income regions.
Company Plans and Outlook
In response to current trends, the FAO is likely focusing on strategic plans to stabilize food prices and enhance global food security. These initiatives may include collaboration with international partners to boost agricultural productivity, reduce food waste, and adapt to climate change impacts. Additionally, the FAO aims to strengthen local supply chains to mitigate future price fluctuations.
Future Engagements
Experts from the FAO will continue to participate in conferences alongside UN representatives and leading agricultural researchers to discuss and address international food security challenges.
Modified: 2025/05/18