European Food Prices Monitoring Tool
Increasing transparency along the food supply chain is essential to encourage competition throughout the agro-food supply chain and to improve its resilience to price volatility. One step towards increased transparency is the creation of a European Food Prices Monitoring Tool.
In December 2008 the European Commission published the Communication "Food Prices in Europe ". On this basis Eurostat developed a first version of a Prices Monitoring Tool for food products, putting together data collected by Eurostat and National Statistical Offices.
Following the Commission Communication "A better functioning food supply chain in Europe " (October 2009), Eurostat is further developing the tool, also drawing on the work of the Platform "Food Prices Monitoring Tool" launched in the context of the High Level Forum for a Better Functioning Food Supply Chain.
The primary aim of the Prices Monitoring Tool for food products is to bring together the available data on price developments in the different steps of the supply chain, comparing price developments for the relevant agricultural commodities, for the relevant food industries as well as for the chosen consumer goods. In other word, the tool facilitates comparisons of price indices of goods at various stages of the food supply chain (e.g. grains, flour and bread).
The Food Supply Chain (FSC) monitoring tool is directly accessible through the links below: