Soybean

The FAO Food Price Index rose marginally in June to reach nearly 6 percent above its June 2024 level. Declining cereal and sugar prices were balanced by increases in meat, dairy, and vegetable oil prices. The Index remained more than 20 percent below the high seen in March 2022.

The FAO Food Price Index fell marginally in May but remained 6 percent higher than its May 2024 level. The decline was driven by falling cereals, sugar, and vegetable oils prices.

The FAO Food Price Index rose 1 percent in April, driven by increasing cereal, dairy, and meat price. While the Index was 7.6 percent higher than its April 2024 level, it remains nearly 20 percent lower than the record reached in March 2022.

Second in a blog series examining the potential consequences of the recently-proposed U.S. tariffs for global agrifood trade. Read the first post here.

The FAO Food Price Index remained stable in March, with falling cereal and sugar prices balancing rising meat and vegetable oil prices. The Index was almost 7 percent higher than its March 2024 level but still remains significantly below March 2022 levels.