Food Prices
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FAO Food Price Index Increases for First Time in Five Months
The FAO Food Price Index rose in February for the first time in five months, driven by increasing cereal, meat, and vegetable oil prices. Despite the increase, however, the Index remains nearly 35 percent below the record high reached in March 2022.The Cereal Price Index rose slightly more than 1 percent in February but remained 3.5 percent below its February 2025 level. Wheat prices increased due to concerns about cold weather in Europe and the United States, as well as transportation disruptions in Russia and the Black Sea region.
FAO Food Price Index Declined in January, Pointing to Cautiously Optimistic 2026 Outlook
The FAO Food Price Index fell in January for the fifth straight month, to nearly 23 percent below the record high seen in March 2022. Sugar, meat, and dairy prices drove the decline. The Cereal Price Index rose marginally in January but is still nearly 4 percent below its January 2025 level. Wheat prices fell 0.4 percent, with strong global supplies balancing growing demand and concerns about weather in several major producing regions. Strong supplies drove maize prices down slightly as well.
Food Prices Fall in December But Remain Higher Overall in 2025: FAO Food Price Index
The FAO Food Price Index declined marginally in December, with prices reaching 2.3 percent below December 2024. Overall prices for 2025 remained 4.3 percent higher than 2024, however.
FAO Food Price Index Declines for Third Consecutive Month
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.
Food Prices are Likely to Remain High and Volatile
How do wars, tariff disputes and currency fluctuations affect the international trade in agricultural products? Poor countries suffer disproportionately from inflation risks and food insecurity.
Consumers around the world have seen food prices going up ever since the outbreak of the COVID-19 pandemic. While food price inflation has slowed more recently, concerns over the rising cost of living have not gone away. Why is this and should we expect the cost of our daily meals to go up even more in the foreseeable future?
Global food price shocks