In September, the FAO Food Price Index declined due to falling prices for sugar and dairy products.

In September, the average value of the FAO Food Price Index (FFPI) decreased to 128.8 points (129.7 points in August), which was 3.4% higher than September 2024 but 19.6% lower than the record value of March 2022. The decrease in indices for cereals, sugar, dairy products, and vegetable oils offset the rise in meat prices. Indeed, the FAO Cereal Price Index decreased by 0.6% compared to August to 105 points, which is 7.5% lower than September 2024. Global wheat prices continued to fall amid significant harvests in the Russian Federation, the EU, and North America, as well as reduced demand. Corn prices fell due to the large supply from Brazil and the United States, as well as the temporary suspension of duties by Argentina. Barley prices rose for the third consecutive month. The FAO Price Index for all types of rice decreased by 0.5% due to reduced demand from the Philippines and African countries, as well as significant supply. The FAO Vegetable Oil Price Index fell by 0.7% ...