Latest news with #FAOFoodPriceIndex
News18
2 days ago
- Business
- News18
FAO Food Price Index edges up in July
Rome [Italy], August 8 (ANI/ WAM): The FAO Food Price Index, a benchmark for world food commodity prices, averaged 130.1 points in July 2025, up 1.6 per cent from June, driven primarily by rising international prices of meat and vegetable oils. Despite this monthly increase, the index remains 18.8 per cent below its peak in March 2022, although 7.6 per cent higher than its level in July 2024. The index tracks monthly changes in the international prices of a set of globally traded food commodities. In July, price increases in the meat and vegetable oil indices more than offset declines in the cereal, dairy and sugar FAO Cereal Price Index averaged 106.5 points, down 0.8 per cent from June. Declining wheat and sorghum prices outweighed increases in maize and barley. Fresh seasonal wheat harvests in the northern hemisphere put downward pressure, though adverse conditions of spring wheat in parts of northern America provided some price support. The FAO All Rice Price Index dropped 1.8 per cent, driven by ample export supplies and weak import FAO Vegetable Oil Price Index averaged 166.8 points in July, marking a sharp rise of 7.1 per cent from the previous month, reaching a three-year high. The increase reflected higher quotations for palm, soy and sunflower oil prices rose on robust global demand and improved competitiveness, while soy oil was supported by expectations of firm biofuel sector demand in the Americas. Sunflower oil prices also climbed due to tightening export supplies in the Black Sea region. In contrast, rapeseed oil prices declined with the arrival of new crop supplies in FAO Meat Price Index averaged 127.3 points, up 1.2 per cent from June, reaching a new all-time high. The increase was led by higher prices for bovine and ovine meat, supported by strong import demand, particularly from China and the United States of America. Poultry meat prices also edged up slightly amid resumed imports from key partners following Brazil's regaining of its avian influenza-free status. Conversely, pig meat prices declined due to ample supplies and reduced global demand, especially in the European FAO Dairy Price Index edged down by 0.1 per cent from June to 155.3 points, marking the first decline since April 2024. Prices for butter and milk powders decreased, reflecting abundant export supplies and subdued import demand, particularly from Asia. However, international cheese prices continued to rise, driven by strong demand in Asian and Near East markets and tighter export availability in the European FAO Sugar Price Index averaged 103.3 points, down 0.2 per cent from the previous month, continuing its downward trend for a fifth consecutive month. (ANI/ WAM)
Reuters
2 days ago
- Business
- Reuters
World food prices at 2-year high on rising meat and edible oils, FAO says
PARIS, Aug 8 (Reuters) - World food commodity prices rose in July to their highest in over two years, as a jump for vegetable oils and record levels for meat outweighed falling cereal, dairy and sugar prices, the United Nations' Food and Agriculture Organization said. The FAO Food Price Index, opens new tab, which serves as a global benchmark for food commodity prices, averaged 130.1 points in July, a 1.6% increase from June, FAO said. That was the highest reading since February 2023, though the index was 18.8% below its peak of March 2022, which followed Russia's full-scale invasion of Ukraine. FAO's meat price index hit a new all-time high of 127.3 points, up 1.2% from its previous peak in June, as strong import demand from China and the United States boosted beef and sheep meat prices, the agency said. U.S. beef imports have climbed after drought led to a decline in the domestic cattle herd. China shipped in record amounts of beef last year amid growing popularity of the meat, though an official probe into imported beef has raised uncertainty about Chinese demand. In other meat markets, poultry prices rose slightly following the resumption of imports of Brazilian chicken by major buyers after Brazil regained its avian influenza-free status following action against a first farm-level outbreak. In contrast, pig meat prices declined due to sufficient supplies and lower demand, particularly in the European Union, FAO added. The agency's vegetable oil index surged to 166.8 points, up 7.1% month-on-month and the highest level in three years. This increase was driven by higher quotations for palm, soy, and sunflower oils due to robust global demand and tightening supplies, though rapeseed oil prices fell as new-crop supplies arrived in Europe, FAO said. FAO's cereal price benchmark eased to its lowest in almost five years, reflecting seasonal supply pressure from wheat harvests in the Northern Hemisphere. Its separate rice index dropped 1.8% last month, driven by ample export supplies and weak import demand. Dairy prices edged down for the first time since April 2024, with declines for butter and milk powders offsetting further gains for cheese. FAO's sugar price index eased for a fifth consecutive month on expectations of increased production in Brazil and India, despite indications of recovering global sugar import demand, the agency said. FAO did not update its cereal supply and demand, opens new tab estimates this month.
Asharq Al-Awsat
2 days ago
- Business
- Asharq Al-Awsat
FAO: World Food Prices Rise to Two-year High in July
World food commodity prices rose in July to their highest in more than two years, driven by rising international prices for meat and vegetable oils, the United Nations' Food and Agriculture Organization said on Friday. The FAO Food Price Index, which serves as a global benchmark for food commodity prices, averaged 130.1 points in July 2025, marking a 1.6% increase from June, FAO said. That was the highest reading since February 2023, though the index was 18.8% below its peak of March 2022, which followed Russia's full-scale invasion of Ukraine. In July, gains for meat and vegetable oil prices outweighed declines observed in cereal, dairy and sugar, FAO said.
Morocco World
2 days ago
- Business
- Morocco World
Global Food Prices Rise to Highest Level in Over Two Years
Food commodity prices around the world rose in July, hitting their highest point in more than two years. This surge came as vegetable oils spiked and meat prices reached record levels, outweighing declines in cereals, dairy, and sugar, according to the United Nations' Food and Agriculture Organization (FAO). The FAO Food Price Index, which tracks international food commodity prices, averaged 130.1 points last month, a 1.6% rise from June and the highest since early 2023. While this marks a notable rebound, the index remains almost 19% below its peak following the sharp disruptions caused by the war in Ukraine in 2022. Meat prices drove much of the increase. The FAO's meat price index reached an all-time high at 127.3 points in July. In Morocco, for instance, with drought and rising feed costs reducing national livestock, the North African country increased meat imports to stabilize supply and prices. In July, meat prices increased by 4%, while fish and seafood prices rose by 3.9%. Vegetable oils posted the largest monthly jump, with prices for palm, soy, and sunflower oils climbing amid tight global supplies and sustained demand. Rapeseed oil prices, however, eased with the arrival of new European harvests. At the same time, cereal prices eased to their lowest in nearly five years as Northern Hemisphere wheat harvests added seasonal supply. Rice prices declined by 1.8%, pressured by ample export stocks and weak buying interest. Dairy prices slipped slightly, driven by lower butter and milk powder costs that offset modest gains for cheese. Sugar prices continued their decline for the fifth straight month, despite some signs of renewed import demand, weighed down by expected higher output in Brazil and India. Morocco offers a clear example of the real-world impact behind these figures. The country has faced sharp inflation in staple food prices over recent months, making everyday essentials more expensive for consumers. Rising costs for vegetable oils and meat, key components of Moroccan diets, have especially strained household wallets. While global cereal prices have eased, Morocco's heavy reliance on imports means fluctuations and transport costs keep local prices high. Overall, the July data depict a food market still shaped by complex forces, climate conditions, geopolitical tensions, and shifting consumption patterns that directly affect countries like Morocco and millions of people worldwide. Tags: droughtFAOfood pricesinflationMorocco food prices
The Sun
2 days ago
- Business
- The Sun
World food prices at 2-year high on rising meat and edible oils, FAO says
PARIS: World food commodity prices rose in July to their highest in over two years, as a jump for vegetable oils and record levels for meat outweighed falling cereal, dairy and sugar prices, the United Nations' Food and Agriculture Organization said. The FAO Food Price Index, which serves as a global benchmark for food commodity prices, averaged 130.1 points in July, a 1.6% increase from June, FAO said. That was the highest reading since February 2023, though the index was 18.8% below its peak of March 2022, which followed Russia's full-scale invasion of Ukraine. FAO's meat price index hit a new all-time high of 127.3 points, up 1.2% from its previous peak in June, as strong import demand from China and the United States boosted beef and sheep meat prices, the agency said. U.S. beef imports have climbed after drought led to a decline in the domestic cattle herd. China shipped in record amounts of beef last year amid growing popularity of the meat, though an official probe into imported beef has raised uncertainty about Chinese demand. In other meat markets, poultry prices rose slightly following the resumption of imports of Brazilian chicken by major buyers after Brazil regained its avian influenza-free status following action against a first farm-level outbreak. In contrast, pig meat prices declined due to sufficient supplies and lower demand, particularly in the European Union, FAO added. The agency's vegetable oil index surged to 166.8 points, up 7.1% month-on-month and the highest level in three years. This increase was driven by higher quotations for palm, soy, and sunflower oils due to robust global demand and tightening supplies, though rapeseed oil prices fell as new-crop supplies arrived in Europe, FAO said. FAO's cereal price benchmark eased to its lowest in almost five years, reflecting seasonal supply pressure from wheat harvests in the Northern Hemisphere. Its separate rice index dropped 1.8% last month, driven by ample export supplies and weak import demand. Dairy prices edged down for the first time since April 2024, with declines for butter and milk powders offsetting further gains for cheese. FAO's sugar price index eased for a fifth consecutive month on expectations of increased production in Brazil and India, despite indications of recovering global sugar import demand, the agency said.
