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Global food prices slip for 3rd straight month in November- FAO
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Tuesday, 09 December, 2025, 08 : 00 AM [IST]
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Rome, Italy
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Global food commodity prices fell again in November, as the FAO Food Price Index (FFPI) averaged 125.1 points, down 1.2 % from its revised October level marking the third consecutive monthly decline. Compared with a year ago, the index is 2.1 % lower, and it remains 21.9 % below its March 2022 peak.
The downward pressure came largely from decreases in global prices for dairy, meat, sugar, and vegetable oils.
• The FAO Dairy Price Index dropped 3.1 % in November, driven by lower international quotations for butter and whole milk powder — reflecting abundant export supplies and increased milk production in core producing regions.
• The FAO Sugar Price Index slumped 5.9 %, marking its lowest point in several years, as ample global sugar output — especially in Brazil, India and Thailand — weighed on prices.
• Prices for vegetable oils fell by 2.6 %, with declines in palm, rapeseed and sunflower oil more than offsetting a slight rise in soyoil.
• The FAO Meat Price Index edged down 0.8 %, as poultry and pig-meat prices dropped amid ample global supply and competitive export dynamics.
In contrast, cereal prices bucked the overall trend: the FAO Cereal Price Index rose by 1.3 % in November. The uptick was driven by increases in wheat and maize prices, attributed to factors such as renewed demand interest including potential demand from China — ongoing geopolitical tension around the Black Sea region, and expectations of reduced planting for 2026 in key exporting countries.
Meanwhile, global cereal supply prospects remain strong. In its latest assessment, FAO forecasts world cereal output for 2025 to surpass 3 billion tonnes for the first time, with both rice and coarse-grain production expected to increase.
Overall, the third straight monthly drop in the Food Price Index reflects broadly abundant global supplies, intensifying exporter competition and easing inflationary pressures — particularly in dairy, sugar, oils, and meat sectors.
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