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Business Recorder
05-07-2025
- Business
- Business Recorder
World food prices tick higher in June
PARIS: Global food commodity prices edged higher in June, supported by higher meat, vegetable oil and dairy prices, the United Nations' Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 128.0 points in June, up 0.5% from May. The index stood 5.8% higher than a year ago, but remained 20.1% below its record high in March 2022. The cereal price index fell 1.5% to 107.4 points, now 6.8% below a year ago, as global maize prices dropped sharply for a second month. Larger harvests and more export competition from Argentina and Brazil weighed on maize, while barley and sorghum also declined. Wheat prices, however, rose due to weather concerns in Russia, the European Union, and the United States. The vegetable oil price index rose 2.3% from May to 155.7 points, now 18.2% above its June 2024 level, led by higher palm, rapeseed, and soy oil prices. Palm oil climbed nearly 5% from May on strong import demand, while soy oil was supported by expectations of higher demand from the biofuel sector following announcements of supportive policy measures in Brazil and the United States. Sugar prices dropped 5.2% from May to 103.7 points, the lowest since April 2021, reflecting improved supply prospects in Brazil, India, and Thailand. Meat prices rose to a record 126.0 points, now 6.7% above June 2024, with all categories rising except poultry. Bovine meat set a new peak, reflecting tighter supplies from Brazil and strong demand from the United States. Poultry prices continued to fall due to abundant Brazilian supplies. The dairy price index edged up 0.5% from May to 154.4 points, marking a 20.7% annual increase. In a separate report, the FAO forecast global cereal production in 2025 at a record 2.925 billion tonnes, 0.5% above its previous projection and 2.3% above the previous year. The outlook could be affected by expected hot, dry conditions in parts of the Northern Hemisphere, particularly for maize with plantings almost complete.
Express Tribune
05-07-2025
- Business
- Express Tribune
World food prices tick higher
Global food commodity prices edged higher in June, supported by higher meat, vegetable oil and dairy prices, the United Nations' Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 128.0 points in June, up 0.5% from May. The index stood 5.8% higher than a year ago, but remained 20.1% below its record high in March 2022. The cereal price index fell 1.5% to 107.4 points, now 6.8% below a year ago, as global maize prices dropped sharply for a second month. Larger harvests and more export competition from Argentina and Brazil weighed on maize, while barley and sorghum also declined. Wheat prices, however, rose due to weather concerns in Russia, the European Union, and the United States. The vegetable oil price index rose 2.3% from May to 155.7 points, now 18.2% above its June 2024 level, led by higher palm, rapeseed, and soy oil prices. Palm oil climbed nearly 5% from May on strong import demand, while soy oil was supported by expectations of higher demand from the biofuel sector following announcements of supportive policy measures in Brazil and the United States. Sugar prices dropped 5.2% from May to 103.7 points, the lowest since April 2021, reflecting improved supply prospects in Brazil, India, and Thailand. Meat prices rose to a record 126.0 points, now 6.7% above June 2024, with all categories rising except poultry. Bovine meat set a new peak, reflecting tighter supplies from Brazil and strong demand from the United States.
The Sun
04-07-2025
- Business
- The Sun
Global food prices rise in June due to meat and dairy costs
PARIS: Global food commodity prices edged higher in June, supported by higher meat, vegetable oil and dairy prices, the United Nations' Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 128.0 points in June, up 0.5% from May. The index stood 5.8% higher than a year ago, but remained 20.1% below its record high in March 2022. The cereal price index fell 1.5% to 107.4 points, now 6.8% below a year ago, as global maize prices dropped sharply for a second month. Larger harvests and more export competition from Argentina and Brazil weighed on maize, while barley and sorghum also declined. Wheat prices, however, rose due to weather concerns in Russia, the European Union, and the United States. The vegetable oil price index rose 2.3% from May to 155.7 points, now 18.2% above its June 2024 level, led by higher palm, rapeseed, and soy oil prices. Palm oil climbed nearly 5% from May on strong import demand, while soy oil was supported by expectations of higher demand from the biofuel sector following announcements of supportive policy measures in Brazil and the United States. Sugar prices dropped 5.2% from May to 103.7 points, the lowest since April 2021, reflecting improved supply prospects in Brazil, India, and Thailand. Meat prices rose to a record 126.0 points, now 6.7% above June 2024, with all categories rising except poultry. Bovine meat set a new peak, reflecting tighter supplies from Brazil and strong demand from the United States. Poultry prices continued to fall due to abundant Brazilian supplies. The dairy price index edged up 0.5% from May to 154.4 points, marking a 20.7% annual increase. In a separate report, the FAO forecast global cereal production in 2025 at a record 2.925 billion tonnes, 0.5% above its previous projection and 2.3% above the previous year.
Yahoo
06-06-2025
- Business
- Yahoo
Food commodity prices declined in May, led by maize and palm oil
World food commodity prices fell month-on-month in May driven by declines in maize and palm oil prices, despite high butter and bovine meat prices. The FAO Food Price Index, created by the Food and Agriculture Organization of the United Nations, averaged 127.7 points in May, a decline of 0.8% from April. However, the index was 6% higher than its level in May 2024. Of the five commodity groups tracked in the index, prices for vegetable oils, cereals, and sugar fell, while dairy and meat saw increases. The FAO Vegetable Oil Price Index dropped 3.7% from April, with all major oils recording lower quotations. 'International palm oil prices declined markedly, primarily due to seasonal output and availability increases in South East Asia. Global soy oil prices were impacted by higher supplies in South America and subdued demand for biofuel feedstock," the UN agency said. today (6 June). "Rapeseed oil prices eased on improved supply prospects in the European Union, while sunflower oil prices fell due to weakening global import demand and reduced price competitiveness." The FAO Cereal Price Index dropped 1.8% from April, standing 8.2% below its May 2024 level. 'Global maize prices declined sharply, owing to strong harvests and robust availability in Argentina and Brazil and expectations of a record crop in the US,' said the FAO. Global wheat prices fell due to better crop conditions in the northern hemisphere, while the FAO All-Rice Price Index rose by 1.4%, 'driven by firm demand for fragrant varieties, higher prices for Indica rice, and currency fluctuations'. The FAO Sugar Price Index decreased by 2.6% in May, primarily due to 'concerns over the uncertain world economic outlook, possible weaker demand from the beverage and food processing industries, and expectations of a recovery in global production next season'. The FAO Dairy Price Index rose by 0.8% in May, 'with strong demand from Asia keeping international butter prices at historic highs and spurring higher prices for cheese and whole milk powder'. The FAO Meat Price Index rose by 1.3% from its revised April level, driven by 'higher quotations for ovine, pig and bovine meats, with the latter reaching a new historic high'. In contrast, poultry meat prices declined, 'driven by lower quotations in Brazil, where the detection of high-pathogenicity avian influenza on a commercial farm in mid-May prompted import bans by several major importing countries, resulting in surplus supplies', the FAO added. The UN agency also released its latest Cereal Supply and Demand Brief, projecting a "record" global cereal production of 2,911 million tonnes in 2025, a 2.1% increase from 2024. Global cereal utilisation is expected to rise 0.8% in 2025/26 to 2,898 million tonnes, with food consumption growing 0.9% and feed use increasing 0.5%. With production exceeding utilisation, world cereal stocks are forecast to grow 1% to 873.6 million tonnes, recovering from last year's decline. The global stock-to-use ratio will hold steady at 29.8%, the FAO predicted. Global cereal trade is set to rebound 1.9% to 487.1 million tonnes, driven by a 3.8% rise in wheat trade, despite a 0.7% drop in rice trade. "Food commodity prices declined in May, led by maize and palm oil – FAO" was originally created and published by Just Food, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
GMA Network
06-06-2025
- Business
- GMA Network
World food prices dip in May, UN's FAO says
PARIS, France - Global food commodity prices declined in May, driven by marked drops in cereal, sugar, and vegetable oil prices, the United Nations' Food and Agriculture Organization said on Friday. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 127.7 points in May, reflecting a 0.8% decrease from the April figure. In a separate report, the FAO forecast record global cereal production of 2.911 billion tons in 2025, up from 2.848 in its previous estimate. — Reuters
