Food and Agriculture Organization (FAO) publishes July Food Price Index at 131.1 points, highest since January 2023

Exam-focused facts from the 10 August 2026 current affairs briefing.

Key facts

The Food and Agriculture Organization (FAO) Food Price Index averaged 131.1 points in July 2026, up from 130.3 in June, marking the highest level since January 2023.
The FAO cereal price index rose 3.4% month-on-month, driven by a 5.8% jump in wheat prices.
The FAO vegetable oil index rose 2% to its highest level since June 2022.
Sugar prices increased 5.6% on weather concerns and expectations of stronger ethanol demand in Brazil.
Meat prices fell 2.8% from a record high in June, while dairy prices declined 0.7%.
The FAO Food Price Index remained 18.2% below its March 2022 peak.
The FAO chief economist warned of another bout of food inflation due to wars in Iran and Ukraine and El Nino effects.