FAO Food Price Index declines for the third consecutive month in November

The FAO Food Price Index* (FFPI) averaged 125.1 points in November 2025, down 1.5 points (1.2 percent) from the revised October value of 126.6 points, marking a third consecutive monthly decline. Decreases in the price indices for dairy products, meat, sugar and vegetable oils outweighed an increase in the cereal index. Overall, the FFPI stood 2.6 points (2.1 percent) below its November 2024 level and remained 35.2 points (21.9 percent) lower than its peak in March 2022. » The FAO Cereal Price Index averaged 105.5 points in November, up 1.9 points (1.8 percent) from October but still 5.9 points (5.3 percent) below its level a year earlier. Despite a generally comfortable supply outlook and reports of good harvests in Argentina and Australia, global wheat prices rose by 2.5 percent in November, albeit from levels last seen in the first half of 2020. Wheat markets were bolstered by potential Chinese interest in supplies from the United States of America, concerns over continuing ...