Global food prices ease 1.2% in October as cereals, dairy and meat become cheaper: FAO
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Global food prices fell 1.2 per cent in October as cereals, dairy and meat became cheaper, according to the FAO.
- ✓The index averaged 133.9 points, showing that prices eased due to softer demand.
- ✓However, sugar prices surged 6.6 per cent, acting as an exception to the broader downward movement in costs.
Story at a Glance
- Category
- Indian Markets
- Reported By
- The Statesman
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Global food prices declined in October as falling international prices of cereals, dairy products and meat outweighed a sharp increase in sugar prices, according to the latest data released by the Food and Agriculture Organization of the United Nations (FAO). Softer demand and expectations of improved supplies of key agricultural commodities contributed to the monthly decline.
The FAO Food Price Index (FFPI), which tracks changes in international prices of a basket of widely traded food commodities, averaged 133.9 points in October 2026. This was 1.6 points, or 1.2 per cent, lower than the revised September level. However, the index remained 5.9 per cent above its October 2025 reading, indicating that global food prices continue to be relatively elevated despite the latest correction. It was also 16.4 per cent below its all-time high recorded in March 2022.
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The Statesman
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