# FAO Reveals Global Food Prices Fell in October: What Was the Reason?

> The FAO reported that its global food price index fell to 133.9 points in October from a revised 135.6 in September, although it remained 5.9% above its year-earlier level. The cereal price index dropped 4.5% month on month as weaker import demand and improved production prospects, including in Argentina, weighed on wheat and corn; vegetable oil prices rose 0.3%.

- Date: 2026-11-06 · published 2026-11-06T13:38:31.159Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/84061-fao-reveals-global-food-prices-fell-in-october-what-was-the-reason
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weaker import demand, larger harvest supplies and expectations of fewer Black Sea export restrictions added downward pressure to grain prices. The small rise in vegetable oil prices points to a contrasting, modestly firmer signal for soybean oil.

## Read by commodity

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

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-12-12 | [Wheat prices fall despite a downgrade in the USDA’s global production forecast](https://feedsoft.ai/events/5522-wheat-prices-fall-despite-a-downgrade-in-the-usda-s-global-production-forecast.md) | +10.5% | +5.6% |
| WHEAT | 2019-10-08 | [The increase in wheat prices reduces demand](https://feedsoft.ai/events/5902-the-increase-in-wheat-prices-reduces-demand.md) | +4.5% | +2.1% |
| WHEAT | 2018-08-30 | [Wheat Prices Rising On Global Supply Issues](https://feedsoft.ai/events/63586-wheat-prices-rising-on-global-supply-issues.md) | +4.7% | -1.6% |
| WHEAT | 2024-07-29 | [Wheat prices in the US fell to the lowest level since 2020](https://feedsoft.ai/events/29288-wheat-prices-in-the-us-fell-to-the-lowest-level-since-2020.md) | -4.2% | -6.9% |
| CORN | 2021-09-02 | [Global food commodity prices rebound in August](https://feedsoft.ai/events/9829-global-food-commodity-prices-rebound-in-august.md) | -3.0% | -5.5% |
| CORN | 2018-08-30 | [Wheat Prices Rising On Global Supply Issues](https://feedsoft.ai/events/63586-wheat-prices-rising-on-global-supply-issues.md) | +2.0% | +4.0% |
| CORN | 2019-01-29 | [The seasonal decline in supply raises prices on corn](https://feedsoft.ai/events/61121-the-seasonal-decline-in-supply-raises-prices-on-corn.md) | -0.4% | +0.0% |

## Sources

- egypttelegraph.com: https://www.egypttelegraph.com/article/293590/%D8%A7%D9%84%D9%81%D8%A7%D9%88-%D8%AA%D9%83%D8%B4%D9%81-%D8%AA%D8%B1%D8%A7%D8%AC%D8%B9-%D8%A3%D8%B3%D8%B9%D8%A7%D8%B1-%D8%A7%D9%84%D8%BA%D8%B0%D8%A7%D8%A1-%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A7-%D8%AE%D9%84%D8%A7%D9%84

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