World food commodity prices edged lower in June, as declines in cereals, sugar and dairy products outweighed higher vegetable oil and meat prices, the Food and Agriculture Organization of the United Nations said Friday.
The FAO Food Price Index averaged 130.3 points in June, down 0.3% from May but still 2.2% above the same month last year. FAO said individual commodity markets continued to move in different directions amid uncertain global economic, weather and trade conditions.
The largest pressure came from cereals, with the FAO cereal price index falling to 110.2 points, down 3.5% from May. However, the index remained 2.7% above June 2025.
World wheat prices dropped 4.4% as rapid harvest progress and strong supply prospects in the Black Sea region outweighed worries about crop conditions in the U.S. and Australia. Corn prices fell even more sharply, dropping 6.2% on expectations for ample export supplies from South America. Lower crude oil prices also weighed on corn.
Vegetable oils moved in the opposite direction. The FAO vegetable oil price index rose to 192 points, up 3.8% from May and 23.3% above a year earlier. The increase was driven by higher palm and rapeseed oil prices, while sunflower oil was broadly stable and soyoil declined. Rapeseed oil prices continued to rise on firm biofuel demand and weather problems affecting plantings in Australia and Canada. Soyoil slipped under pressure from rising seasonal supplies in South America and weaker crude oil.
The FAO Sugar Price Index fell 5.7% from May, while the Dairy Price Index dropped 1.5%. The Meat Price Index rose 0.5% to a new record high, led by firmer poultry prices, although pork and beef prices declined.
