FAO’s monthly survey notes that in November this year, the cereal price index averaged 105.5 points, up 1.9 (the 1.8% mentioned) from October but still 5.9 points (5.3%) below the level in November last year.
Despite a favorable supply outlook, and reports of good harvests in Argentina and Australia, world wheat prices rose 2.5% in November. Wheat markets were supported by China’s potential interest in US supplies, as well as concerns over ongoing hostilities in the Black Sea region and expectations of a reduction in sown areas in Russia. International corn prices also rose in November, supported by strong demand for Brazilian supplies and reports that fieldwork was hampered by rains in Argentina and Brazil. World barley and sorghum prices also rose. In the cereals group, rice was the only product to fall in price, with the FAO All Rice Price Index down 1.5 percent in November,
In the group of vegetable oils, soybean oil was the only item that rose in price. However, lower prices for palm, sunflower and rapeseed oil more than compensated for this single increase.
Cheapening of pork and poultry meat on the world market in November offset a slight rise in the price of mutton. As a result, the average price index for this group of goods remained almost unchanged compared to October.
A rather sharp decline in global sugar prices dropped the FAO index for this group to its lowest level since December 2020.
The FAO Food Price Index (all groups) averaged 125.1 points in November 2025, down 1.5 points (1.2%) from October. The CPI declined for the third consecutive month.
