The FAO Food Price Index (FFPI) averaged 127.1 points in February 2025, up 2.0 points (1.6 percent) from its revised January level. The overall index was 9.7 points (8.2 percent) higher than its corresponding level one year ago; however, it remained 33.1 points (20.7 percent) below the peak reached in March 2022.

The FAO Cereal Price Index averaged 112.6 points in February, rising by 0.8 points (0.7 percent) from January but remaining 1.2 points (1.1 percent) below its February 2024 level. Wheat export prices increased month-on-month, driven by tighter domestic supplies in the Russian Federation, which constrained export volumes and shifted demand to other suppliers, adding upward pressure on global prices.

The FAO Vegetable Oil Price Index averaged 156.0 points in February, up 3.0 points (2.0 percent) from the previous month and as much as 35.1 points (29.1 percent) above its level a year earlier. The increase in the index was driven by higher quotations across palm, rapeseed, soy and sunflower oils. After a brief decline in January, international palm oil prices rebounded moderately and maintained their premiums over competing oils.

The FAO Dairy Price Index stood at 148.7 points in February, rising by 5.7 points (4.0 percent) from January and standing 28.0 points (23.2 percent) higher than its level a year ago. The increase was driven by higher prices across all major dairy products. International cheese prices increased for the third consecutive month, rising by 4.7 percent from January.

The FAO Sugar Price Index averaged 118.5 points in February, up 7.3 points (6.6 percent) from January after three consecutive monthly declines. However, it remained 22.2 points (15.8 percent) lower than its level in February of last year. The increase in world sugar prices was driven by concerns over tighter global supplies in the 2024/25 season.

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