World Food Prices Rise for 3rd Month to New 2022-High

2026-10-02 08:11 By Joana Taborda 1 min. read

The FAO Food Price Index rose for a third consecutive month to 136 in September 2026, the highest since November 2022, compared to an upwardly revised 134 in August.

Sugar prices soared 6.1% to its highest level since April 2025, mainly driven by prospects of tighter global sugar supplies in the 2026/27 season.

In the EU, a decline in planted area and adverse weather conditions are weighing, alongside forecasts of lower sugar production in Thailand and concerns over crop prospects in India.

Cereals jumped 5.1% to December 2023-highs, with wheat prices increasing 6.3% amid logistical constraints in the Black Sea region and dry weather conditions in parts of North America.

Vegetable oils increased 0.9% to the highest since June 2022, driven mainly by higher world palm oil prices.

On the other hand, meat prices fell 1.1%, reflecting lower poultry and pig meat quotations and dairy prices were little changed as declines in cheese prices were almost offset by increases in milk powder.



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World Food Prices Rise for 3rd Month to New 2022-High
The FAO Food Price Index rose for a third consecutive month to 136 in September 2026, the highest since November 2022, compared to an upwardly revised 134 in August. Sugar prices soared 6.1% to its highest level since April 2025, mainly driven by prospects of tighter global sugar supplies in the 2026/27 season. In the EU, a decline in planted area and adverse weather conditions are weighing, alongside forecasts of lower sugar production in Thailand and concerns over crop prospects in India. Cereals jumped 5.1% to December 2023-highs, with wheat prices increasing 6.3% amid logistical constraints in the Black Sea region and dry weather conditions in parts of North America. Vegetable oils increased 0.9% to the highest since June 2022, driven mainly by higher world palm oil prices. On the other hand, meat prices fell 1.1%, reflecting lower poultry and pig meat quotations and dairy prices were little changed as declines in cheese prices were almost offset by increases in milk powder.
2026-10-02
World Food Prices Highest Since 2022
The FAO Food Price Index rose 1.9% to 133.3 points in August 2026, marking its second consecutive monthly increase and reaching its highest level since November 2022. The rise reflected broad-based increases across all commodity categories. Sugar prices recorded the biggest increase, jumping 11.9% to a new high since June 2025, amid growing concerns over the global sugar supply outlook in the 2026/27 season. Dairy prices went up 2.3%, driven by higher milk powder and cheese. Cereals rose 2.2% to May 2024-highs, supported by robust demand, weather-related concerns over crop prospects in key producing regions, and continued uncertainty surrounding Black Sea export flows. Meat cost increased 1% reflecting higher poultry, pig and ovine meat prices. Finally, cost for vegetable oils edged up 0.6% to its highest level since June 2022, amid higher world palm and soy oil prices, which more than offset lower quotations for sunflower and rapeseed oils.
2026-09-04
World Food Prices Hit Highest Level Since 2023
The FAO Food Price Index rose 0.6% to 131.1 points in July 2026, the first increase in three months and reaching the highest level since January 2023. Sugar prices jumped 5.6%, amid concerns about the potential impacts of persistent hot and dry weather on crop yields in the EU and of El Niño-related weather conditions on production prospects in key producing countries in Asia. Also, cereals went up 3.4%, with wheat prices soaring 5.8% amid heightened concerns over continued disruptions to Black Sea export flows and damage to export infrastructure, as well as the impact of recent heatwaves on crop yields in several producing countries. Prices for vegetable oils increased 2% to June 2022-highs, reflecting higher palm and soy oil prices. On the other hand, meat prices decreased 2.8%, the first monthly decline in 2026, reflecting lower quotations across all meat categories except ovine meat. Dairy cost edged down 0.7% to the lowest since October 2023, led by butter and milk powders.
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