Agri Market Price

ROME — The Food and Agriculture Organization (FAO) of the United Nations reported that its Food Price Index (FFPI) averaged 122.8 points in September 2025, marking a 0.7% decline from August and roughly 8% lower year-on-year. The decrease was led primarily by cereals and vegetable oils, while meat and sugar indices moved higher. (Source: FAO)

Cereals:
The Cereal Price Index fell 2.1% month-on-month as strong harvest progress in North America, the Black Sea region, and parts of Europe boosted supply outlooks. Wheat export prices softened due to improved production forecasts in Canada and the United States, while maize values slipped on higher inventories and reduced feed demand in Asia. Conversely, rice quotations remained steady following government interventions and reserve releases in key producing countries.

Meat:
The Meat Price Index edged up 1.4%, driven by firmer poultry and bovine meat prices. Global poultry trade remained tight due to continued disease-related production constraints, particularly in parts of Latin America and Europe. In the U.S. and Canada, steady retail demand and strong foodservice recovery supported beef cutout values.

Dairy and Vegetable Oils:
Dairy prices slipped slightly on stable milk output and subdued import demand across East Asia. Vegetable oil quotations decreased as large palm and soybean oil supplies entered markets from Southeast Asia and South America. Analysts expect volatility to remain moderate through the next quarter barring weather disruptions.

Sugar:
The Sugar Price Index increased by 2.8% following weather-related production downgrades in Brazil and India. Global importers are expected to continue stock-building ahead of festive demand periods in late Q4.

Regional Context – North America:
In North America, ample grain inventories and steady export logistics have kept prices competitive for global buyers. However, regional livestock feed costs remain elevated relative to pre-2022 levels, influencing downstream protein margins. U.S. and Canadian export competitiveness in wheat and corn continues to benefit from relatively low freight costs.

Outlook:
FAO analysts noted that overall food commodity prices remain lower than their 2022 peaks but are still sensitive to energy and freight market shifts. Monitoring weather-driven yield adjustments and trade policy changes will remain essential for global supply stability into early 2026.

Disclaimer:
This article summarizes publicly available FAO data for general informational use. It does not represent financial or trading advice. Readers should refer to official FAO releases for complete datasets and methodological notes.