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FAO reported that its Food Price Index declined 1.2% in October to 133.9, while remaining 5.9% higher than a year earlier. Sugar prices rose 6.6% for a fourth consecutive monthly gain, supported by rain disruptions to Brazil’s Center-South cane harvest and processing, weak Indian monsoon conditions, and lower production forecasts in the EU and Thailand.
Wheat prices fell as import demand weakened and Argentine production prospects improved.
Weaker demand and improved production prospects are bearish for wheat, while weather-related cane disruptions and lower output expectations support sugar prices. The index decline signals some easing in global food-price pressure, though it does not imply lower prices across all commodities.
dunya.comNov 6, 2026After 1,006 past bearish report events, Wheat (SRW) moved a median +0.0% over 5 sessions (50% higher; middle half -1.6% to +1.8%), and +0.3% 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.
