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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.

The FAO Food Price Index rose by 1.6 percent in July based on increasing meat and vegetable oil prices. The Index remains 7.6 percent higher than its 2024 level but nearly 19 percent below its March 2022 peak.

The FAO Food Price Index rose marginally in June to reach nearly 6 percent above its June 2024 level. Declining cereal and sugar prices were balanced by increases in meat, dairy, and vegetable oil prices. The Index remained more than 20 percent below the high seen in March 2022.