Indicator 2.c.1 - Indicator of (food) price anomalies
Target 2.c
Adopt measures to ensure the proper functioning of food commodity markets and their derivatives and facilitate timely access to market information, including on food reserves, in order to help limit extreme food price volatility.
Indicator 2.c.1: Progress Assessment
Impact
Detecting current and future trends in international food markets is essential for preventing potential crises. This indicator gives regular price information on a basket of goods to help ensure appropriate measures can be taken to offset hikes.
Key results
The proportion of countries with moderately to abnormally high food prices saw a substantial decline in 2024 compared to the preceding year, bringing the value back in line with the 2015–19 average value – a significant improvement for the achievement of this target.
Extreme food price volatility has negative consequences on food security, hampering effective decision-making by both producers and consumers, and especially affecting vulnerable groups such as small-scale food producers and family farmers.
While the proportion of countries experiencing moderately to abnormally high food prices surged in 2020 and again in 2022, due to economic disruptions associated with the COVID-19 pandemic and the start of the war in Ukraine, respectively, global food prices dropped in 2024, driven by ample cereal supply situation (the second largest output on record), better prospects for sugar production and lower prices of agricultural inputs, mainly fertilizers.Elearning
SDG Indicator 2.c.1 - Food price anomalies
01/02/2018
This course is a clear and easy-to-use guide to understand
Multimedia
SDG 2 – Indicator of price volatility
01/01/2020
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Tracking progress on food and agriculture-related SDG indicators (2022)
01/09/2022
Tracking progress on food and agriculture-related SDG indicators offers detailed analyses and trends on selected indicators for which...
Capacity development
19/9
2022
Report's launch: "Tracking progress on food and agriculture-related SDG indicators 2022"
Hybrid Event, 19/09/2022
Seven years into the 2030 Agenda, there is an urgent need to understand where the world stands in eliminating hunger and food insecurity, as well as in ensuring sustainable agriculture. FAO's new report, “Tracking progress on food and agriculture-related SDG indicators”, offers analysis and trends on indicators across eight SDGs (1, 2, 5, 6, 10, 12, 14 and 15), highlighting areas o...
Methodology
Tier: I
Data
- SDG Indicators Global Database
- GIEWS | Food Price Monitoring and Analysis Tool
- FAOSTAT - Consumer Price Indices
- FAOSTAT - SDG Indicators
- FAO price data and analysis