Meat Index hits fresh record high as bovine herd rebuilding meets Strait of Hormuz cost transmission. April's 1.6% FFPI increase marks the highest reading since February 2023.
India has resumed wheat exports for the first time since its May 2022 ban, injecting a significant new competitive origin into tender markets at precisely the moment Hard Red Winter supplies are tightening and prices are near two-year highs.
Global food commodity prices rose for the second consecutive month in March 2026, with the FAO Food Price Index averaging 128.5 points — a 2.4% rise driven by Gulf conflict energy transmission into input costs.
The FAO Dairy Price Index has posted its first increase since July 2025. SMP and WMP have trended upward since January. The 2025 correction is over. The question is how durable the recovery will be.
The FAO Food Price Index rose 2.4% in March, driven by energy-cost transmission from the Near East conflict. Contained for now — structurally dangerous if the conflict persists beyond the FAO's 40-day threshold.
The FAO Food Price Index averaged 125.3 points in February 2026 — up 0.9% from January — ending a five-month declining trend. Ovine meat prices reached a new all-time record. Bovine meat firmed on strong Chinese and US demand. The reversal signals th