FAO Food Price Index Slips 0.2% to 130.8, Holding Near 3-Year High
Updated
Updated · The Economic Times · Jun 5
FAO Food Price Index Slips 0.2% to 130.8, Holding Near 3-Year High
3 articles · Updated · The Economic Times · Jun 5
Summary
130.8 points — the FAO Food Price Index edged down from a revised 131.0 in April, but still stood 2.9% above a year earlier and close to its highest level since January 2023.
2.6% cereal-price gains limited the broader decline, with wheat rising for a fourth straight month on weaker export harvest prospects and higher fuel and fertiliser costs tied to the Iran conflict.
Maize prices also stayed firm as import demand strengthened and supplies tightened in Brazil and the United States.
2.98 billion tons — FAO separately forecast world cereal production, including rice, will fall 2% in 2026/27, with all major cereals expected to decline from 2025 levels.