FAO Food Price Index Rises for the First Time in Five Months

Despite this, the index remains below last year's levels. In February, the index was 1% lower than the same period in 2025 and 21.8% below the historical peak recorded in March 2022.

Grain Price Increase

Global wheat prices rose by 1.8% in February. The market was supported by reports of frost and the risk of crop damage in several regions of Europe and the United States, as well as ongoing geopolitical tensions in the Black Sea region.

Barley prices also continued to strengthen, driven by steady demand from China for Australian grain and active purchases by North African countries in the European market.

Vegetable Oils Reach Highest Level Since 2022

The vegetable oil price index increased by 3.3% in February compared to January, reaching the highest level since June 2022.

This growth was driven by price increases in palm, soybean, and rapeseed oils, which fully offset the decline in sunflower oil prices.

Global Meat Prices Hit New Record

The meat price index also continued to rise. The main factor was the increase in global beef and lamb prices, which reached new record levels.

Meanwhile, poultry and pork prices in February remained virtually unchanged.

Dairy Products and Sugar Continue to Decline

Unlike other segments of the food market, dairy products and sugar are showing price declines.

The downward trend in the dairy price index, which began in July 2023, continued in February. The index value was 19.2% below last year's level.

The sugar price index decreased for the second consecutive month, reaching its lowest level since October 2020. Compared to February last year, sugar prices fell by 27.3%.