FX.co ★ World Food Prices Fall in September

The FAO Food Price Index decreased by 0.7% to 128.8 points in September 2025, reaching its lowest point in three months, down from a revised 129.7 in August. This decline was largely influenced by falling cereal prices, marking the fifth consecutive month of decreases and reaching their lowest since September 2020. Global wheat prices experienced a drop, primarily due to weak international demand and confirmation of substantial harvests in Russia and other significant producing regions in Europe and North America. The price of sugar declined by 4.1%, reaching its lowest level since March 2021, attributed to unexpectedly high sugar production in Brazil. Additionally, oil prices fell by 1.2%, a result of lower palm and soybean oil prices, which outweighed increases in sunflower and rapeseed oil prices. Dairy prices also saw a reduction of 2.6%, marking the third consecutive monthly decline, with butter decreasing by 7%, skim milk powder by 4.3%, and whole milk powder by 3.1%. In contrast, meat prices rose by 0.7% to a new record high, driven by increased global prices for bovine and ovine meat.