The FAO Food Price Index, the benchmark for global food commodity prices, declined slightly in June as lower quotations for cereals, sugar, and dairy products offset higher prices for vegetable oils and meat, according to data released Friday by the Food and Agriculture Organization of the United Nations (FAO).
The FAO Food Price Index, which tracks monthly changes in international prices of a basket of globally traded food commodities, averaged 130.3 points in June 2026, down 0.3% from May but 2.2% higher than a year earlier.
Meanwhile, the FAO Meat Price Index increased by 0.5%, reaching a new all-time high. International poultry prices rose, partly reflecting temporarily tighter domestic supplies following production adjustments in response to the previous oversupply, while pork and beef prices declined.
According to the FAO, beef prices edged lower, largely reflecting weaker quotations from Australia amid expectations of greater export availability during the third quarter. Meanwhile, Brazilian export prices remained broadly stable as China's import quotas approached full utilization, leading to a gradual slowdown in purchases.
