Prices for vegetable oils have reached their peak since June 2022…
Prices for vegetable oils have reached their peak since June 2022 due to high demand for palm oil in Indonesia and rising crude oil prices.
Consensus
- The FAO reported that the global food price index increased by 0.6% in July compared to June.
- The global food price index was 1% higher in July compared to the same month of the previous year.
- Extreme heat was a major factor driving up food prices.
- Prices of wheat, vegetable oils, and sugar increased in July.
- Prices of meat and dairy products decreased in July.
Points of divergence
- The global food price index reached its highest level since January 2023. — kommersant
- Wheat prices rose by 5.8% due to export disruptions from the Black Sea region and hot weather in producing countries. — kommersant
- Vegetable oil prices reached their highest level since June 2022 due to high demand for palm oil in Indonesia and rising crude oil prices. — kommersant
- Sugar prices rose by 5.6% due to drought in the EU and the El Niño phenomenon in Asia. — kommersant
- Meat prices fell by 2.8% for the first time in a year due to abundant supplies from Brazil and the EU. — kommersant
- Dairy products overall became 0.7% cheaper. — kommersant
- The food price index averaged 131.1 points in July. — tg_tass_agency
- The grain price index rose by 3.4% compared to June and was 6.9% higher than in July 2025. — tg_tass_agency
Coverage (2 sources)
- FAO: global food prices rose due to abnormal heat — Коммерсантъ
- Heat, fuel price rise and world instability led to food price increase, reports FAO. Food price index... — ТАСС (Telegram)