According to the latest data released by the Food and Agriculture Organization of the United Nations on September 4, the global food price index averaged 133.3 points in August, up 1.9% from July and 2.5% from the same period last year, to the highest level since December 2022. Unfavorable weather such as high temperatures, the blockage of trade and logistics in the Black Sea region, and tightening supply prospects for some agricultural products are all driving up international food prices. According to FAO data, the prices of all five major commodities that make up the food price index rose in August. Among them, the grain price index rose 2.2% month-on-month; global wheat prices rose 2.6%, up 15% year on year; corn prices rose 2.5% month-on-month. The price indices for vegetable oil, meat and dairy products rose 1.1%, 1.0% and 2.3%, respectively. The increase in sugar prices was most obvious during the month, and the sugar price index rose sharply by 11.9% month-on-month. According to the FAO, factors such as the decline in EU sweet menu production expectations, the impact of El Niño-related weather on the production prospects of major sugar producing countries in Asia, and the decline in sugar production in Brazil are all driving up sugar prices. On the same day, the FAO also lowered its global cereal production forecast for 2026. Annual production is expected to be about 2.98 billion tons, down 2% from 2025, but it will still be the second highest level on record. By the end of each crop year in 2027, global cereal stocks are expected to reach 947.2 million tons, with an inventory consumption ratio of 31.6%. According to the FAO, judging from historical levels, the overall supply of global grains is still relatively abundant.

According to the latest data released by the Food and Agriculture Organization of the United Nations on September 4, the global food price index averaged 133.3 points in August, up 1.9% from July and 2.5% from the same period last year, to the highest level since December 2022. Unfavorable weather such as high temperatures, the blockage of trade and logistics in the Black Sea region, and tightening supply prospects for some agricultural products are all driving up international food prices. According to FAO data, the prices of all five major commodities that make up the food price index rose in August. Among them, the grain price index rose 2.2% month-on-month; global wheat prices rose 2.6%, up 15% year on year; corn prices rose 2.5% month-on-month. The price indices for vegetable oil, meat and dairy products increased by 1.1%, 1.0% and 2.3%, respectively. The increase in sugar prices was most obvious during the month, and the sugar price index rose sharply by 11.9% month-on-month. According to the FAO, factors such as the decline in EU sweet menu production expectations, the impact of El Niño-related weather on the production prospects of major sugar producing countries in Asia, and the decline in sugar production in Brazil are all driving up sugar prices. On the same day, the FAO also lowered its global cereal production forecast for 2026. Annual production is expected to be about 2.98 billion tons, down 2% from 2025, but it will still be the second highest level on record. By the end of each crop year in 2027, global cereal stocks are expected to reach 947.2 million tons, with an inventory consumption ratio of 31.6%. According to the FAO, judging from historical levels, the overall supply of global grains is still relatively abundant.