Core Insights - The FAO's Food Price Index averaged 126.4 points in October 2025, down 2.1 points (1.6%) from the revised September level of 128.5 points, marking the second consecutive month of decline [1] - The overall price index is slightly lower than the same period in 2024 and is 33.8 points (21.1%) below the peak in March 2022 [1] Grain Prices - The FAO's Grain Price Index averaged 103.6 points in October, down 1.3 points (1.3%) from September and down 10.9 points (9.5%) year-on-year [1] - All major grain price indices declined month-on-month, with wheat prices down 1.0% due to ample global supply and favorable harvest prospects in the Southern Hemisphere [1] - The coarse grain price index fell by 1.1%, with barley, corn, and sorghum prices decreasing, although EU reports of lower corn yields and potential declines in U.S. yields partially offset downward pressure [1] - The rice price index dropped 2.5% in October, influenced by increased market competition and the harvest of major crops in Northern Hemisphere exporting countries [1] Vegetable Oil Prices - The FAO's Vegetable Oil Price Index averaged 169.4 points in October, up 1.5 points (0.9%), reaching the highest level since July 2022 [2] - The increase was driven by higher prices for palm oil, canola oil, soybean oil, and sunflower oil, with palm oil rebounding slightly despite higher-than-expected production in Malaysia [2] - Global sunflower oil prices rose for the fourth consecutive month due to delayed harvests in the Black Sea region and farmers holding back supplies [2] Meat Prices - The FAO's Meat Price Index averaged 125.0 points in October, down 2.5 points (2.0%) from September, but still up 5.8 points (4.8%) year-on-year [3] - The decline was primarily due to significant drops in pork and poultry prices, while beef prices increased slightly, supported by stable global demand [3] - Pork prices fell due to ample global supply, and EU export prices faced additional downward pressure from reduced import demand in China [3] Dairy Prices - The FAO's Dairy Price Index averaged 142.2 points in October, down 5.0 points (3.4%) from September, marking the fourth consecutive month of decline, yet still up 2.7% year-on-year [3] - All sub-indices decreased, with butter prices falling by 6.5%, whole milk powder by 6.0%, skim milk powder by 4.0%, and cheese by 1.5% [3] Sugar Prices - The FAO's Sugar Price Index averaged 94.1 points in October, down 5.3 points (5.3%) from September, marking the second consecutive month of decline and reaching the lowest level since December 2020 [4] - The decline was driven by expectations of ample global sugar supply, supported by favorable weather conditions in Brazil and anticipated increases in production in Thailand and India [4] - Additionally, falling international crude oil prices reduced demand from the biofuel sector, further pressuring global sugar prices [4]
粮农组织食品价格指数10月进一步回落 除植物油外所有分项指数均下跌
Xin Hua Cai Jing·2025-11-07 10:22