Translation. Region: Russian Federation –
Source: United Nations – United Nations –
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November 7, 2025 Economic development
Global food prices fell in October, according to a press release published Friday by the UN Food and Agriculture Organization (FAO).
The FAO Food Price Index, which tracks monthly changes in international quotations for major food commodities, stood at 126.4 points in October, down 1.6 percent from September.
The grain price index fell by 1.3 percent compared to September, with declines recorded across all major grains. Wheat prices fell by exactly one percent, while rice fell by 2.5 percent.
The meat price index fell by two percent over the month, primarily due to a sharp drop in pork and poultry prices. Beef prices, on the other hand, continued to rise, primarily due to high prices for Australian products amid robust global demand.
The dairy price index fell by 3.4 percent in October, driven by a sharp drop in butter prices due to abundant export supplies from the European Union and New Zealand. The price of powdered milk also declined due to limited import demand and intense competition among exporters.
The average sugar price decreased by 5.3 percent compared to the previous month, reaching its lowest level since December 2020. This trend is due to high production rates in Brazil and an expected increase in export stocks in Thailand and India.
The vegetable oil price index increased by 0.9 percent in October, reaching its highest level since July 2022. Prices for palm, rapeseed, soybean, and sunflower oils rose due to a combination of factors, including delays in the Black Sea harvest.
Forecasts point to a record grain harvest
Also on Friday, the FAO published updated forecasts for the global grain market. Global grain production is expected to increase by 4.4 percent in 2025, reaching 2.99 billion tonnes, a record high. Production growth is forecast for all major grains. Global grain stocks are projected to increase by 5.7 percent, reaching a record 916.3 million tonnes. The stock-to-use ratio in the 2025–2026 season is projected to reach 31.1 percent, the highest level since 2017–2018.
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