Global food commodity prices dropped in October, the second-straight monthly decline. The United Nations Food and Agriculture Organization said prices were weighed down by abundant supplies. The FAO Food Price Index averaged 126.4 points in October 2025, down 2.1 points, or 1.6 percent, from a revised 128.5 in September. After a peak in March 2022, the index remained 21 percent lower than the high from three years ago. Lower prices for cereals, dairy products, meat, and sugar outweighed gains in vegetable oils, keeping the overall Food Price Index below its October 2024 level and 33.8 points under the 2022 high point. The Sugar Price Index dropped 5.3 percent from September to its lowest point since December 2020, pressured by robust production in Brazil, Thailand, and India. The Dairy Index dropped 3.4 percent because of a steep decline in butter prices due to large imports from the EU and New Zealand.
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