Food and Agriculture Organization of the United Nations
The Food and Agriculture Organization of the United Nations (FAO) is a specialized UN agency founded in 1945 in Quebec City. Its headquarters are in Rome. The organization works to defeat hunger, sets international standards in food and agriculture, and assists countries in developing their farming sectors. Each month it publishes the Food Price Index, tracking global prices of key food commodities.
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FAO food price index hits highest level since late 2022 as sugar, grains surge
The UN Food and Agriculture Organization's Food Price Index rose 1.9% in August to 133.3 points, its highest level since November 2022, with all five sub-indices climbing. Sugar jumped 11.9%, the sharpest move, while grains and vegetable oils also reached multi-year highs. FAO lowered its 2026 world grain production forecast and warned that climate shocks, Black Sea disruptions and trade frictions are putting a risk premium back on food markets.