In July 2025, the FAO Food Price Index — a global benchmark for commodity food prices — climbed to 130.1 points, marking a 1.6% increase from June. This is the highest level recorded in the past two years, though it remains nearly 18.8% below the peak reached in March 2022.
The rise was driven mainly by significant increases in vegetable oil and meat prices, while indices for cereals, dairy, and sugar recorded declines.
More specifically:
- The Vegetable Oils Index posted a sharp increase of 7.1%, reaching a three-year high of 166.8 points, fueled by strong global demand for palm, soybean, and sunflower oils.
- The Meat Index hit a new all-time high — 127.3 points, up 1.2% from June — boosted by strong demand from China and the U.S., as well as some easing of restrictions (for example, in Brazil after regaining avian influenza-free status).
- The Cereal Index fell to 106.5 points (-0.8%) due to abundant seasonal harvests; however, weaker conditions for spring wheat in North America provided some price support.
- Sugar continued its downward trend, and the Dairy Index edged down slightly, reflecting diverse market dynamics.
Source FAO.