Business  Markets

Global Food Prices Tick Higher After Five Months of Decline

Global food prices rose slightly in the latest FAO Food Price Index as vegetable oils, cereals, and meat increased, offsetting declines in dairy and sugar.

March 06, 2026 12:21 PM • 
RFD NEWS STAFF
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NASHVILLE, TENN. (RFD NEWS) — After five straight months of decline, the FAO Food Price Index, released on Friday morning, shows increases in several areas. The overall index gained just under one percent.

Cereals, meats, and vegetable oils all saw gains, offsetting declines in dairy and sugar. Sugar saw the largest decline at 4.1 percent, hitting the lowest level since October 2020.

The vegetable oil index saw the largest gain, up 3.3 percent on the month.

Cereals gained 1.1 percent while the meat index rose 0.8 percent.

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