The Monthly Price Update is an information product provided by the oilseeds desk of the Markets and Trade Division of FAO. It reviews the development of international prices for oilseeds, oils and meals as reflected by FAO’s price indices. In January 2024, the FAO price indices for oilseeds and oilmeals declined month-on-month, while the vegetable oil price index remained virtually unchanged. All three price indices remained below their respective year-earlier levels, ranging from about 13 percent below its January 2023 reading for vegetable oils to as much as 25 percent for oilseeds.