14 Jul 2025
Meat, Dairy, and Oils Drive Up Global Food Prices
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Global Food Prices Edge Up in June as Meat, Dairy and Oils Offset Grain Declines
July 14, 2025 | Meatex News Desk
The FAO Food Price Index rose slightly in June 2025, averaging 128.0 points, up 0.5% from May, according to the latest data from the UN Food and Agriculture Organization (FAO). While international prices for cereals and sugar declined, these were outweighed by increases in meat, dairy, and vegetable oils.
Key Commodity Trends
- Cereals: The Cereal Price Index dropped 1.5%, driven by sharp declines in maize, sorghum, and barley prices due to abundant supplies from Argentina and Brazil. However, wheat prices rose amid weather concerns in the EU, Russia, and the USA. Rice prices dipped slightly, particularly for Indica varieties.
- Vegetable Oils: Prices rose 2.3%, led by a nearly 5% increase in palm oil due to strong global demand. Soy oil prices climbed on expectations of higher biofuel demand in Brazil and the USA, while rapeseed oil rose on tight supply outlooks. Sunflower oil eased slightly due to improved production prospects in the Black Sea region.
- Meat: The Meat Price Index rose 2.1%, reaching a new all-time high. Prices for bovine, pig, and ovine meats increased, while poultry prices continued to decline.
- Dairy: The Dairy Price Index increased 0.5%, with butter prices hitting a record high due to tight supplies in Oceania and the EU. Cheese prices rose for the third consecutive month, while milk powder prices fell amid subdued demand.
- Sugar: The Sugar Price Index fell 5.2%, its fourth consecutive monthly decline, reaching its lowest level since April 2021. Improved production outlooks in Brazil, India, and Thailand contributed to the drop.
Despite the monthly rise, the overall index remains well below its March 2022 peak, though it is 5.8% higher than in June 2024.
Original reporting by Mercopress.
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