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Global food prices continued their downward trend in October, marking a second consecutive monthly decline, the United Nations Food and Agriculture Organization (FAO) reported on Friday.
The FAO Food Price Index, which monitors international prices for a variety of food commodities, averaged 126.4 points in October, a decrease from September’s revised 128.5 points. The index also edged slightly lower than in October 2024 and remains 21.1% below the record high recorded in March 2022.
The decline is largely attributed to strong global supplies of key commodities.
In related projections, the FAO raised its estimate for worldwide cereal production in 2025 to 2.99 billion metric tons, up from a previous forecast of 2.97 billion tons. This would represent a 4.4% increase compared with 2024 harvests, indicating continued growth in global food output.
