Soft Wheat

The FAO Food Price Index remained generally stable in June, with rising vegetable oil prices balanced out in large part by declines in cereal prices. The Index was 1.7 percent higher than in June 2025 but still nearly 20 percent below its March 2022 record. The Cereal Price Index fell by 3.5 percent in June but remained nearly 3 percent above its June 2026 level.

The FAO Food Price Index fell for the third month in a row in November, declining by 1.2 percent. Prices declined for all commodities except cereals. The Index in November stood 2.1 percent below its year-earlier level and nearly 22 percent below the peak of March 2022.

The FAO Food Price Index fell 1.6 percent in October, driven by lower cereals, dairy, meat, and sugar prices. The October Index was 21 percent below its March 2022 peak.

Global staple food prices remained largely stable in August, according to the latest FAO Food Price Index. The Index was nearly 7 percent higher than its August 2024 level but still well below the record high seen in March 2022.

The FAO Food Price Index rose by 1.6 percent in July based on increasing meat and vegetable oil prices. The Index remains 7.6 percent higher than its 2024 level but nearly 19 percent below its March 2022 peak.