FX.co ★ World Food Prices Edge Up 0.5% in June

In June 2025, the FAO Food Price Index experienced a slight increase of 0.5%, reaching 128 points, nearly matching the highs of 2023 seen in April. The overall rise in the index was primarily due to a 2.3% increase in vegetable oil prices, driven by higher prices for palm, rapeseed, and soy oils, although sunflower oil prices saw a minor dip. Meanwhile, meat prices surged by 2.1%, setting a new record, with price gains noted across all meat categories except for poultry. In the dairy sector, prices edged up by 0.5%, with butter seeing the most significant rise of 2.8%, reaching new heights due to persistent supply constraints in Oceania and the EU and robust import demand from Asia. Conversely, cereal prices fell by 1.5%, marking the lowest point since September 2020. Global maize prices dropped sharply for the second consecutive month, propelled by increased seasonal supplies from Argentina and Brazil, which heightened competition among major exporting regions. Sugar prices also saw a decrease of 5.2%, hitting their lowest level since April 2021, driven by improved supply forecasts in major producing nations.