07/04/2025 (Business AM Live) - The FAO Food Price Index (FFPI), a key gauge of global food commodity prices, showed little movement in March compared to its revised February level. The Food and Agriculture Organization of the United Nations (FAO) reported that a significant increase in vegetable oil prices was offset by decreases in world cereal and sugar quotations, resulting in overall stability for the benchmark index.

The FFPI averaged 127.1 points in March 2025 , representing a 6.9 percent increase compared to the corresponding period last year (March 2024: 119.0 points). However, it remained 20.7 percent below its peak of 160.2 points reached in March 2022, shortly after the start of the war in Ukraine.

The FAO Cereal Price Index registered 109.7 points in March, a 2.6 percent month-on-month decrease and 1.1 percent lower than in March 2024. The FAO attributed the decline in global wheat prices to easing concerns about crop conditions in key Northern Hemisphere exporting nations, although rising trade tensions created some market uncertainty. This downward pressure was partially offset by currency fluctuations, tighter supply in the Russian Federation, and Turkey’s decision to eliminate its wheat import quota.

https://www.businessamlive.com/global-food-prices-steady-in-march-as-vegetable-oil-rises/