Global Food Prices Decline for Second Consecutive Month in June

The FAO food price index fell to 130.3 points in June, down from 130.8 in May, driven by lower grain and sugar costs.

• The FAO reported its food price index averaged 130.3 points in June, a 0.4 percent drop from May, while remaining 1.7 percent higher than the same period last year.
• Grain prices fell 3.5 percent month-on-month, pressured by accelerated wheat harvests and expectations of ample supplies, while sugar prices declined 5.7 percent.
• Meat prices rose 0.4 percent to a record high, driven by increased global demand for poultry, and vegetable oil prices increased 3.8 percent.
• The FAO maintained its 2026 global grain production estimate at 2.983 billion tonnes, the second-highest output on record.