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Global food prices reach highest level in over two years: FAO

Qatar Tribune

3 days ago

Business
Qatar Tribune

Global food prices reach highest level in over two years: FAO

QNA Paris The United Nations Food and Agriculture Organization (FAO) announced that global prices of essential food commodities rose in July to their highest level in more thantwo years. In its report released Friday, FAO stated that its Food Price Index, the global benchmark for tracking food commodity prices, reached 130.1 points in July 2025, marking a 1.6 percent increasefrom June. This is the highest reading since February 2023, although still 18.8 percent below its peak in March 2022 following the outbreak of the Russia-Ukraine war. The organization noted that the gains in meat and vegetable oil prices in July offset notable declines in grain, dairy, and sugar prices. Grain prices fell by 3 percent month-on-month, attributed to improved production forecasts in key exporting countries such as Kazakhstan and Ukraine. Corn export prices also dropped amid expectations of increased output in Argentina and Brazil. Meanwhile, dairy prices rose by 1.2 percent, and the sugar index increased by 1.9 percent, partly due to weaker-than-expected harvest results in Brazil during May, according to FAO. The organisation confirmed that the strong increase in meat and vegetable oil prices in July outweighed the declines in grain, dairy, and sugar prices, leading global food prices to record a noticeable upward trend that may continue in the coming months.

World food prices rise driven by meat and vegetable oils

Agriland

5 days ago

Business
Agriland

World food prices rise driven by meat and vegetable oils

Global food prices rose in July, driven primarily by rising international prices of meat and vegetable oils. The Food and Agriculture Organization of the United Nations (FAO) Food Price Index, a benchmark for world food commodity prices, averaged 130.1 points in July 2025, up 1.6% from June. Despite this monthly increase, the index remains 18.8% below its peak in March 2022, although 7.6% higher than its level in July 2024, the FAO said. 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 indices, according to the FAO. The FAO meat price index averaged 127.3 points, up 1.2% 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 USA, according to the FAO. 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 EU. The FAO dairy price index edged down by 0.1% 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 markets and tighter export availability in the EU. The FAO cereal price index averaged 106.5 points, down 0.8% 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 vegetable oil price index averaged 166.8 points in July, marking a sharp rise of 7.1% from the previous month, reaching a three-year high. The increase reflected higher quotations for palm, soy and sunflower oils.

World food prices rise to two-year high in July, FAO says

Yahoo

5 days ago

Business
Yahoo

World food prices rise to two-year high in July, FAO says

PARIS (Reuters) -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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Jordan News

05-07-2025

Business
Jordan News

Global Food Prices Rise Again in June, Pressuring Import-Dependent Arab Markets - Jordan News

The UN Food and Agriculture Organization (FAO) reported a continued increase in global food prices for the second consecutive month, with its Food Price Index reaching 128 points in June 2025. This rise was driven by higher prices for meat, dairy, and vegetable oils, despite declines in grains and sugar. اضافة اعلان Key Highlights from the June 2025 Report: Grains: The cereal price index dropped to 107.4 points, down 1.5% from May, mainly due to lower corn prices from strong supply in Brazil and Argentina. However, wheat prices saw a slight uptick despite the harvest season starting in the northern hemisphere. Vegetable Oils: Prices jumped by 2.3%, led by increases in palm oil, soybean oil, and canola. These oils are crucial to both industrial and household consumption in the Middle East and North Africa (MENA) region. Meat: The global meat index hit a record 126 points, with red meat prices rising sharply due to reduced exports from Brazil and increased U.S. demand. Poultry prices dipped temporarily due to avian flu concerns in Brazil but began recovering by late June. Sugar: A notable 5.2% decline brought sugar prices to their lowest level since April 2021, offering some relief for import-reliant countries like Morocco, Egypt, and Jordan. Dairy Products: Overall prices rose 0.5%, but butter prices surged 2.8%, reaching a new high due to reduced production in New Zealand and Europe, impacted by environmental regulations and bluetongue virus outbreaks. Impact on Arab Countries For nations with high food import dependency—such as Jordan, Egypt, Lebanon, and the Gulf states—these price increases add to existing inflationary pressures, especially in light of: Weakened local currencies, Volatile shipping costs, and Geopolitical disruptions in supply chains. While declines in sugar and corn are welcome, the sharp rises in meat, dairy, and vegetable oils—staples in many Arab diets—are likely to strain household budgets further. The FAO notes that global supply prospects for grains remain favorable, but market volatility persists due to climate uncertainty, trade dynamics, and rising industrial demand, particularly from bioenergy sectors. Outlook Despite abundant global stocks for key crops like wheat and rice, price relief may not reach consumers in the MENA region soon due to import bottlenecks, currency devaluation, and regional food insecurity. The FAO urges continued monitoring and regional cooperation to buffer vulnerable populations from further shocks.

FAO: Global food prices rise modestly in June

Saba Yemen