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This blog post is part of a special series based on the October 2025 Commodity Markets Outlook, a flagship report published by the World Bank. This series features concise summaries of commodity-specific sections extracted from the report. Explore the full report here.

The FAO Food Price Index fell for the third month in a row in November, declining by 1.2 percent. Prices declined for all commodities except cereals. The Index in November stood 2.1 percent below its year-earlier level and nearly 22 percent below the peak of March 2022.

The FAO Food Price Index fell 1.6 percent in October, driven by lower cereals, dairy, meat, and sugar prices. The October Index was 21 percent below its March 2022 peak.

Reductions in cereal and vegetable oil prices contributed to a slight decline in the FAO Food Price Index in September. The Index remains nearly 20 percent below its March 2022 peak but rose 3.4 percent from September 2024.

Global staple food prices remained largely stable in August, according to the latest FAO Food Price Index. The Index was nearly 7 percent higher than its August 2024 level but still well below the record high seen in March 2022.