World food prices

August 7, 2026 3:05 PM

World food prices hit 3-year high in July as weather and war weigh, FAO says

World food prices rose in July to their highest in more than three years as adverse weather and war escalation in the Gulf and Black Sea supported crop markets, the United Nations' Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 131.1 points in July, up from 130.3 in June and the highest reading since January 2023. The FAO's chief economist told Reuters this week that the w...

May 8, 2026 3:11 PM

World food prices rise to more than three year high in April, FAO says

World food prices climbed in April to their highest in more than three years, with vegetable oils particularly elevated due to the Iran war and the effective closure of the Strait of Hormuz, the United Nations Food and Agriculture Organization (FAO) said on Friday. FAO Chief Economist Máximo Torero said vegetable oil prices are being driven by elevated energy costs that are in turn raising demand for biofuels made using organic materials, such as oil-rich plants. He added, however, that despi...

November 7, 2025 3:25 PM

World food prices fall for second consecutive month in October, UN’s FAO says

World food commodity prices fell for a second consecutive month in October, driven largely by ample global supplies, the United Nations' Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks a basket of globally traded food commodities, averaged 126.4 points in October, down from a revised 128.5 in September. The index was down slightly compared to its October 2024 level and stood 21.1% below its March 2022 peak. It had climbed to a two-year peak in July bef...