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2026-11-06T19:52:59.051Z

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Global Food Prices Dip

Global Food Prices Dip

The FAO announced that its Global Food Price Index fell 1.2% in October from September, to 133.9 points. Cereal prices declined 4.5%, meat prices 1.2% and dairy prices 1.1%, while vegetable oil prices rose 0.3%. Sugar prices climbed 6.6% for the fourth consecutive month, driven by irregular rainfall in Brazil and production concerns in India, the European Union and Thailand. The organization forecast cereal production of 2.999 billion tonnes in 2026 and warned that 41 countries and territories would need external food assistance.

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