The FAO Food Price Index edged up 0.5% to 128 points in June 2025, hovering close to 2023-highs reached in April. Prices rose 2.3% for vegetable oils, reflecting higher prices for palm, rapeseed and soy oil, which more than offset a slight decline in sunflower oil prices. Also, meat cost went up 2.1% to reach a record high, driven by higher prices across all meat categories, except poultry.
Also, cost for dairy rose 0.5%, with utter recording the largest monthly increase of 2.8% to a new record, driven by persistent supply tightness in Oceania and the EU, coupled with strong import demand from Asia. On the other hand, prices for cereals fell 1.5%, hitting a new low since September 2020. Global maize prices fell sharply for the second consecutive month, as rising seasonal supplies in Argentina and Brazil intensified competition across major export origins. Also, sugar cost declined 5.2% to hit the lowest level since April 2021, amid improved supply prospects in key producing countries.
