Core Insights - The FAO reported that global food commodity prices reached a two-year high in July, driven by significant increases in meat and vegetable oil prices, despite declines in grain, dairy, and sugar prices [1][2] Group 1: Food Price Index - The FAO Food Price Index averaged 130.1 points in July, up 1.6% from June, marking the highest level since February 2023, but still 18.8% lower than the peak in March 2022 [1] - The meat price index reached a record high of 127.3 points, increasing by 1.2% from June, influenced by strong import demand from China and the U.S. [1] Group 2: Vegetable Oil Prices - The vegetable oil price index surged to 166.8 points, a 7.1% increase month-on-month, the highest level in three years, driven by strong global demand and tightening supply [2] - Palm oil, soybean oil, and sunflower oil prices rose, while canola oil prices fell with the new season's harvest in Europe [2] Group 3: Grain and Dairy Prices - The grain price index fell to its lowest level in nearly five years due to seasonal supply pressures from the Northern Hemisphere's wheat harvest [2] - Dairy prices saw a slight decline for the first time since April 2024, with butter and milk powder prices dropping, offsetting increases in cheese prices [2] Group 4: Sugar Prices - The sugar price index has declined for the fifth consecutive month, despite signs of recovering global import demand, influenced by expected increases in production from Brazil and India [2] Group 5: Supply and Demand Estimates - The FAO did not update its grain supply and demand forecast data this month [3]

Group 1: Food Price Index Overview - The FAO Food Price Index averaged 130.1 points in July 2025, up 1.6% from June, driven mainly by rising international prices of meat and vegetable oils [1] - The index is 7.6% higher than July 2024 but remains 18.8% lower than the peak in March 2022 [1] Group 2: Grain Prices - The FAO Grain Price Index averaged 106.5 points in July, down 0.8% from June, with wheat and sorghum prices declining more than the increases in corn and barley prices [1] - Seasonal supply from the Northern Hemisphere's latest wheat harvest exerted downward pressure on prices, although poor growing conditions in parts of North America provided some support [1] - The FAO Rice Price Index decreased by 1.8% in July due to ample export supplies and weak import demand [1] Group 3: Vegetable Oil Prices - The FAO Vegetable Oil Price Index averaged 166.8 points in July, rising 7.1% to a three-year high, primarily due to increases in palm oil, soybean oil, and sunflower oil prices [1] - Strong import demand and expanded price advantages drove up international palm oil prices, while robust demand for raw materials in the biofuel sector supported soybean oil prices [1] - Sunflower oil prices increased due to tightening seasonal supplies in the Black Sea region, whereas global rapeseed oil prices fell under pressure from new crop supplies in Europe [1] Group 4: Meat Prices - The FAO Meat Price Index averaged 127.3 points in July, up 1.2% from June, reaching a historical high, mainly driven by rising beef and lamb prices due to strong import demand, particularly from China and the U.S. [2] - Poultry prices saw a slight increase as Brazil regained its status as a high-pathogenic avian influenza-free zone, leading to the resumption of imports by several major trading partners [2] - Conversely, pork prices declined due to weak global demand and ample supply, especially in the EU [2] Group 5: Dairy and Sugar Prices - The FAO Dairy Price Index averaged 155.3 points in July, slightly down 0.1% from June, marking the first month of decline since April 2024, with butter and milk powder prices falling due to ample export supplies and weak import demand, particularly in Asia [2] - International cheese prices continued to rise due to strong demand from Asia and the Near East, while EU export supplies tightened [2] - The FAO Sugar Price Index averaged 103.3 points in July, down 0.2% for the fifth consecutive month, with forecasts of a recovery in global sugar production (mainly from Brazil, India, and Thailand) putting downward pressure on prices, although signs of rebounding global sugar import demand limited the overall decline [2]

Group 1 - The core point of the article is that New Zealand's food price index increased by 0.5% in May, which is a decrease from the previous value of 0.8% [1]

新西兰5月食品价格指数年率 4.4%，前值3.7%。 ...

新西兰4月食品价格指数年率 3.7%，前值3.5%。 ...

新西兰4月食品价格指数月率 0.8%，前值0.50%。 ...

Group 1 - The core point of the article is that New Zealand's food price index increased by 0.5% in March, contrasting with a previous decline of 0.50% [1] Group 2 - The increase in the food price index indicates a potential shift in consumer pricing trends within the New Zealand market [1] - The previous month's decline may suggest volatility in food prices, which could impact inflation rates and consumer spending [1] - Monitoring these changes is crucial for understanding broader economic conditions and potential investment opportunities in the food sector [1]