Highlights for February 2011
The FAO (global) Food Price Index was at an all time peak in February 2011 – increasing 34.1% year-on-year – but the FAO (global) All Rice Price Index was stable – increasing only 0.8% year-on-year in January 2011.
Export price of Thai white rice, the benchmark for Asia, increased 2.2% month-on-month and decreased 3.7% year-on-year.
Consumer prices were stable as the Consumer Price Index increased 0.7% month-on-month and 3.8% year-on-year.
Wholesale price of mixed rice decreased 1.0% month-on-month and 7.4% year-on-year.
Retail price of lowest quality rice decreased 1.2% month-on-month and 5.3% year-on-year.
Food purchasing power of households slightly decreased (ToT of unskilled wages and lowest quality rice decreased from 6.7 kg/day in January from 6.5 kg/day in February).