FAO Food Price Index falls for fifth consecutive month in January 2026, driven by lower dairy, meat and sugar prices

The FAO Food Price Index* (FFPI) averaged 123.9 points in January 2026, down 0.5 points (0.4 percent) from December. Declines in the price indices for dairy products, meat and sugar more than offset increases in cereals and vegetable oil, marking the fifth consecutive monthly decline of the index. The FFPI stood 0.8 points (0.6 percent) below its level one year ago and as much as 36.4 points (22.7 percent) down from the peak reached in March 2022. » The FAO Cereal Price Index averaged 107.5 points in January, up marginally by 0.2 points (0.2 percent) from December but remaining 4.4 points (3.9 percent) below its level a year earlier. World wheat prices were broadly stable in January, declining by just 0.4 percent from December. Upward pressure stemming from strong export sales by Australia and Canada, along with weather concerns affecting dormant crops in the Russian Federation and the United States of America, was offset by an overall comfortable global supply situation. ...