Hey fam! Good news on the food front: global food prices eased in September, down from August's peaks, says the UN's Food and Agriculture Organization (FAO). 🎉
Sugar Sweet Deal 🍬
After hitting highs, sugar prices tumbled 4.1%—the lowest since March 2021—thanks to bumper crops in Brazil and promising harvests in India & Thailand. Sweet news if you love chai, gulab jamun or kuih!
Dairy Delights 🥛
The dairy price index slid 2.6%, driven by a butter boom in Oceania. More churn + bigger outputs = friendlier prices for your parathas or kaya toast.
Grains Gain Ground 🌾
Cereals saw a 0.6% dip, with wheat dropping for the third month as big harvests flood markets—good vibes for flatbreads like roti or banh mi. Maize also eased thanks to Argentina suspending export taxes, and even rice cooled off slightly as orders from the Philippines & parts of Africa took a pause.
Meaty Matters 🥩
In contrast, the FAO's meat price index hit a fresh record, up 0.7%, with beef and sheep meat leading the charge. Beef especially surged in the US on tight supply + strong demand.
Looking ahead, FAO bumped up its 2025 global cereal output forecast to 2.97 billion tons—a 3.8% jump from 2024, marking the biggest annual rise since 2013. With more wheat, maize & rice around, our biryanis, nasi lemak and pad thai plates could stay stocked.
Stay tuned for more trends as our plates keep evolving! 🌏🍽️
Reference(s):
cgtn.com
