FX.co ★ World Food Prices Lowest Since January

In October 2025, the FAO Food Price Index experienced a decrease of 1.6%, settling at 126.4 points, marking the second straight month of decline and hitting its lowest level since January of the same year. The prices of cereals saw a decrease of 1.3%, reaching their lowest point since September 2020, due to ample global supplies, positive production forecasts in the southern hemisphere, and smooth progress in the planting of winter wheat in the northern hemisphere. Dairy prices dropped by 3.4%, with specific declines in butter by 6.5%, whole milk powder by 6%, skim milk powder by 4%, and cheese by 1.5%. The meat index decreased by 2%, with significant reductions in pig and poultry prices and a decline in ovine meat, which were somewhat balanced by a rise in bovine meat prices. Additionally, sugar prices fell by 5.3%, reaching their lowest point since December 2020, largely due to expectations of abundant sugar supplies from Brazil, Thailand, and India. Conversely, there was a 0.9% increase in the prices of vegetable oils, reaching their highest level since July 2022, driven by increased prices for palm, rapeseed, soy, and sunflower oils.