The FAO food price index averaged 124.3 points in December 2025, down 0.6% from November and the fourth straight monthly decline. Dairy fell 4.4% on butter declines, and meat fell 1.3% as Australian destocking added cattle supply.
Cereals and sugar gained.
Lower global dairy and meat prices signal softer demand pressure in those livestock-linked markets. Ample export supplies of poultry and beef weigh on feed-linked prices.
After 247 past report events, Rough Rice moved a median +0.0% over 5 sessions (51% higher; middle half -1.8% to +2.3%), and +0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.