FAO Food Price Index Rises in February 2025, Including Vegetable Oils

Higher sugar, dairy, and vegetable oil prices drove the overall increase.

Global food commodity prices rose in February, driven by increases in sugar, dairy, and vegetable oil prices, according to a new report from the Food and Agriculture Organization of the United Nations (FAO).

The FAO Food Price Index, which tracks monthly changes in international prices for a basket of globally traded food commodities, averaged 127.1 points in February, up 1.6% from the previous month and 8.2% above its February 2024 level.

The FAO Vegetable Oil Price Index averaged 156.0 points in February, up 2.0% from January and 29.1% higher than a year earlier.

The increase was attributed to higher palm, soybean, and sunflower oil prices, driven by seasonal supply constraints in Southeast Asia and strong demand from the biofuel sector.