economy
February 6, 2026
PRICES FINALLY DROPPED: Food at its lowest level in a year and a half! See what has become CHEAPER!
The FAO Food Price Index in January averaged 123.9 points, a 0.4% decrease from the end of last year. This is also the lowest value of this index since September 2023.
TL;DR
- The FAO Food Price Index in January averaged 123.9 points, down 0.4% from December 2023 and the lowest since September 2023.
- Dairy prices decreased by approximately 5% due to ample global supply of cheese and butter.
- Sugar prices dropped by 1%, with improved supply expected from India, Thailand, and Brazil.
- Meat prices slightly decreased by 0.4%, with pork falling and poultry rising.
- Vegetable oils increased by 2.1%, driven by palm oil and sunflower oil.
- Cereal prices rose by 0.2%, with rice increasing by 1.8% despite slight drops in wheat and corn.
- FAO projects record cereal production for 2023 and increased global consumption for 2023/2024, with record-high stocks expected.
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