Food Price Index

New early-season forecasts point to another strong global cereal harvest amid growing El Niño risks

New early-season forecasts point to likely declining global cereal harvests and trade in the year ahead

Index also impacted by increases in cereal and rice prices amid disruptions linked to Strait of Hormuz crisis

Pressure on fertilizer supplies and elevated energy prices add uncertainty to markets, despite a broadly comfortable global cereal supply situation 

Rome – The benchmark measure for world food commodity prices rose in February, ending a five-month downward trend, as higher quotations for wheat, most vegetable oils and several meat types outweighed declines in cheese and sugar prices, according to the new update released today by the Food and Agriculture Organization of the United Nations (FAO).

Updated forecasts suggest global stocks-to-use ratio may rise to quarter-century high

Benchmark of world food commodity prices averaged 4.3 percent higher across 2025 compared to 2024

International food commodity price trends reflect broadly abundant global supplies and intensifying exporter competition

Benchmark for globally traded food commodity prices was slightly below year-ago level

Comfortable global supply prospects expected for major crops

New forecasts point to growth in global cereal output, utilization, stocks and trade

Gains in meat and vegetable oil price indices outweigh declines in cereals, dairy and sugar

The FAO Food Price Index, a benchmark for world food commodity prices, averaged 128.0 points in June 2025, up 0.5 percent from May. Although international prices of cereals and sugar fell, these declines were outweighed by higher prices for dairy products, meat and vegetable oils.

World cereal, meat and dairy prices up, while sugar quotations down

Rising vegetable oil quotations offset lower prices for wheat, maize, rice and sugar

International quotations for sugar and vegetable oils drive FAO Food Price Index lower