Global food prices inch up in June on meat and oil gains - FAO FAO cites strong demand, weather risks and biofuel policy shifts7 July 2025 7 July 2025 2 minute read 2 minute read By: By: Global Ag Media EuropeGlobal food commodity prices edged higher in June, supported by higher meat, vegetable oil and dairy prices, Reuters reported, citing the most recent report from the United Nations' Food and Agriculture Organisation on Friday. The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded food commodities, averaged 128.0 points in June, up 0.5% from May. The cereal price index fell 1.5% to 107.4 points, now 6.8% below a year ago, as global maize prices dropped sharply for a second month. The vegetable oil price index rose 2.3% from May to 155.7 points, now 18.2% above its June 2024 level, led by higher palm, rapeseed, and soy oil prices. The dairy price index edged up 0.5% from May to 154.4 points, marking a 20.7% annual increase.