Algerian Radio
The global food price index rose by 1.7% in Jun on a year-on-year basis, despite recording a monthly decline of 0.3%, the Food and Agriculture Organization of the United Nations (FAO) announced this Friday.
In its monthly report, which tracks the international prices of a basket of food commodities, the FAO stated that the index averaged 103.3 points in Jun, down 0.4 points (or 0.3%) from May. The organization attributed this slight monthly retreat to lower prices for sugar, cereals, and dairy products, which offset the price increases in vegetable oils and meat.
The FAO Cereal Price Index recorded a 3.5% month-on-month decline, driven by lower wheat and maize prices resulting from improved global supply prospects. Conversely, the Vegetable Oil Price Index rose to 192 points, a 3.8% increase compared to May, supported by rising palm and rapeseed oil prices.
The Meat Price Index reached 131 points, a slight increase of 0.4%, marking a new record level driven primarily by higher poultry prices. Meanwhile, the Dairy Price Index fell to 117.4 points, a 1.5% decrease, while the Sugar Price Index saw the sharpest monthly drop, falling 5.7% to 89.7 points.
Despite the annual rise, the FAO noted that the global food price index remains approximately 18.7% below the peak it reached in March 2022. In a separate report, the organization maintained its 2026 global cereal production forecast at 2.983 billion tons, showing little change from previous estimates.
