Food Price Index drops

Prices of vegetable oils lead the decline in September

The FAO Food Price Index averaged 136.3 points in September, down 1.1 percent from August while remaining 5.5 percent higher than its value a year earlier. The Index tracks monthly changes in the international prices of a basket of commonly traded food commodities.

The FAO Vegetable Oil Price Index drove the decline, decreasing by 6.6 percent over the month to reach its lowest level since February 2021. International quotations for palm, soy, sunflower and rapeseed oils were all lower. Lingering heavy inventories of palm oil, coinciding with seasonally rising production in , pushed palm oil prices down. Higher soy oil export availabilities in Argentina, increased sunflower oil supplies from the Black Sea region and lower crude oil prices also contributed to the drop in this subindex.

The FAO Cereal Price Index, by contrast, rose 1.5 percent from August. International wheat prices rebounded by 2.2 percent, linked to concerns regarding dry crop conditions in Argentina and the United States of America, a fast pace of exports from the European Union amid high internal demand and heightened uncertainty about the Black Sea Grain Initiative’s continuation beyond November. World maize prices were mostly stable, as a strong United States dollar countered pressure from a tighter supply outlook linked to downgraded production prospects in the United States of America and the European Union. The FAO All-Rice Price Index rose by 2.2 percent, largely in response to export policy changes in India.

Foodversy AI summarizes only normalized internal signals or source-reviewed references; unsupported prices and percentages should fall back to review-required copy.