# Global Food Price Index Reverses to Decline... Grain, Meat, and Dairy Prices Fall

> The FAO Food Price Index for October was 133.9, down 1.2% from September but still 5.9% above its year-earlier level. The grain index fell 4.5% as wheat prices reversed a four-month rise on sluggish demand and improved production prospects, especially in Argentina; corn, barley and sorghum also declined, while rice gained 1.6% amid harvest delays and adverse weather.

- Date: 2026-11-07 · published 2026-11-08T06:05:54.328Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/86998-global-food-price-index-reverses-to-decline-grain-meat-and-dairy-prices-fall
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md), [Barley](https://feedsoft.ai/c/BARLEY.md), [Sorghum](https://feedsoft.ai/c/SORGHUM.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Weaker demand and better crop prospects pressure feed-grain prices, while delayed harvests and unfavorable weather lend support to rice. The account reports the same October FAO index results as the other report in this batch.

## Read by commodity

- CORN: bearish ▼
- RICE: bullish ▲
- WHEAT: bearish ▼
- BARLEY: bearish ▼
- SORGHUM: 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 | 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 | 2023-02-04 | [FAO Food Price Index continues to decline in January 2023 \| PotatoPro](https://feedsoft.ai/events/12880-fao-food-price-index-continues-to-decline-in-january-2023-potatopro.md) | +2.9% | -4.5% |
| WHEAT | 2024-09-06 | [Fertilizer Prices Declining But Remain High Globally: FAO Food Price Index and AMIS Market Monitor Released \| Food Security Portal](https://feedsoft.ai/events/28653-fertilizer-prices-declining-but-remain-high-globally-fao-food-price-index-and.md) | +1.0% | +11.2% |
| 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% |
| CORN | 2025-07-07 | [FAO Food Price Index up slightly in June due to higher meat, dairy and vegetable oil prices](https://feedsoft.ai/events/23812-fao-food-price-index-up-slightly-in-june-due-to-higher-meat-dairy-and-vegetable.md) | -6.0% | -6.0% |
| CORN | 2025-04-07 | [FAO Food Price Index up slightly in June due to higher meat, dairy and vegetable oil prices](https://feedsoft.ai/events/25227-fao-food-price-index-up-slightly-in-june-due-to-higher-meat-dairy-and-vegetable.md) | +4.0% | -0.1% |
| 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% |

## Sources

- news.sbs.co.kr: https://news.sbs.co.kr/english/article.do?news_id=N1008835288

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