The FAO Food Price Index (FFPI) averaged 130.3 points in June 2026, down 0.3% from May, as lower prices for cereals, sugar and dairy products outweighed increases in vegetable oils and meat, according to the Food and Agriculture Organization (FAO). Despite the monthly decline, the index remained 1.7% higher than June 2025 and 18.7% below its record peak in March 2022.
The FAO Dairy Price Index fell 1.5% month-on-month to 117.4 points, with international prices declining across skim milk powder, whole milk powder, butter and cheese, reflecting ample export supplies and subdued global import demand. Meanwhile, the Cereal Price Index dropped 3.5%, driven by lower wheat and maize prices amid favourable harvest prospects, while the Sugar Price Index declined 5.7% due to weaker ethanol prices in Brazil and currency movements.
In contrast, the Vegetable Oil Price Index rose 3.8% on stronger palm and rapeseed oil prices, and the Meat Price Index increased 0.4%, reaching a new record high, led by higher poultry prices. FAO also noted that although global harvest prospects remain favourable, El Niño-related weather risks continue to pose uncertainty for agricultural production in several key producing regions. (FAOHome)
Source: Dairynews7x7 6 July, 2026 Read full story here
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