# FAO says world food prices edged lower in October, with cereals among declines

> The FAO Food Price Index fell to 133.9 points in October from a revised 135.6 in September, though it remained 5.9% above a year earlier. The cereal index dropped 4.5% month on month as weaker import demand and improved production prospects, especially for Argentine wheat, weighed on wheat prices; corn was pressured by the US harvest and expectations of ample South American supply. Vegetable oils rose 0.3%, while dairy and meat indexes declined; sugar rose 6.6% amid rain-delayed harvesting in Brazil.

- Date: 2026-11-06 · published 2026-11-06T13:37:54.152Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/84055-fao-says-world-food-prices-edged-lower-in-october-with-cereals-among-declines
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Milk (Class III)](https://feedsoft.ai/c/MILK.md)

## Why it matters

Weaker import demand and expectations of larger supplies in key exporting regions add downside pressure to wheat and corn prices. The contrasting gains in vegetable oils and sugar reflect tighter or weather-disrupted supply, while ample dairy supply and soft demand weigh on dairy prices.

## Read by commodity

- SBO: bullish ▲
- CORN: bearish ▼
- MILK: bearish ▼
- WHEAT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2023-08-09 | [FAO Food Price Index declines in August](https://feedsoft.ai/events/34646-fao-food-price-index-declines-in-august.md) | -1.7% | -7.8% |
| WHEAT | 2026-07-06 | [FAO Cereal Price Index falls by 3.5% \| World Grain](https://feedsoft.ai/events/18411-fao-cereal-price-index-falls-by-3-5-world-grain.md) | -0.3% | +1.4% |
| WHEAT | 2024-02-02 | [FAO Food Price Index down again in January led by lower wheat and maize prices](https://feedsoft.ai/events/7200-fao-food-price-index-down-again-in-january-led-by-lower-wheat-and-maize-prices.md) | -1.6% | -8.9% |
| WHEAT | 2023-03-02 | [Global food prices decline further in January](https://feedsoft.ai/events/12653-global-food-prices-decline-further-in-january.md) | -2.0% | +5.1% |
| WHEAT | 2022-08-07 | [Benchmark FAO Food Price Index shows dip in international prices of cereals, vegetable oils and sugar](https://feedsoft.ai/events/40093-benchmark-fao-food-price-index-shows-dip-in-international-prices-of-cereals.md) | +7.4% | -3.7% |
| CORN | 2023-08-09 | [FAO Food Price Index declines in August](https://feedsoft.ai/events/34646-fao-food-price-index-declines-in-august.md) | -3.0% | -2.6% |
| CORN | 2021-09-07 | [World food prices jump in Aug, cereal harvest outlook cut -FAO - Cafe Aberto](https://feedsoft.ai/events/45161-world-food-prices-jump-in-aug-cereal-harvest-outlook-cut-fao-cafe-aberto.md) | -4.1% | -2.6% |
| CORN | 2016-12-23 | [Cattle prices declined in October - Progressive Cattle \| Ag Proud](https://feedsoft.ai/events/73417-cattle-prices-declined-in-october-progressive-cattle-ag-proud.md) | +0.8% | +3.6% |

## Sources

- newsweekjapan.jp: https://www.newsweekjapan.jp/articles/-/339349

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.