The global food market anticipates further price reductions. According to the World Bank’s forecast, the average cost of food worldwide will decrease by 6% in 2025, and by another 0.3% in 2026. In 2027, prices are expected to remain stable, with fluctuations in the cost of grains, oils, flour, and other products not exceeding 1-2% compared to the previous year.
This is reported by Finway
Price Dynamics of Key Food Products
In October 2025, global rice prices reached their lowest level since 2017. This is attributed to weak demand for imports amid a record harvest, India’s lifting of export restrictions, and a 5% increase in rice stocks among major exporters—India, Pakistan, Thailand, the USA, and Vietnam. The surplus of this crop has led to a noticeable decrease in prices.
Experts predict that wheat prices will also decline on the global market in 2025, which could positively impact the prices of bread and bakery products. Wheat production is expected to rise by 7% in 2025, with an additional 4% increase in 2026-2027.
As for corn, prices are projected to rise by 4% in 2025, but a decline is expected in 2026, followed by a slight increase again in 2027.
“Global corn production in the 2025-2026 season is expected to increase by 5% to a record level, but considering the rise in consumption and low initial stocks, the total supply is forecasted to only slightly exceed demand.”
Soybeans are also expected to decrease in price in 2025 due to a record harvest, but prices are likely to stabilize in the following two years.
Trends in the Sugar, Meat, Coffee, and Tea Markets
The price decline has also affected other products: in the third quarter of 2025, global food prices were 6% lower than in 2024, resulting from the decrease in fruit and sugar prices, despite rising beef prices.
Global sugar prices in 2025 are estimated to drop by 15% compared to 2024, and by another 3% in 2026 due to production volumes exceeding consumption. A stabilization of the sugar market is expected in 2027.
Meanwhile, in the USA, which is a key market for beef and chicken, beef prices have risen by 2% quarter-on-quarter and by 9% compared to the previous year. This is due to a reduction in the cattle herd to its lowest level since 1951. However, price stabilization is forecasted for 2026-2027.
Coffee markets are showing mixed dynamics: arabica is expected to increase in price by 50% in 2025 compared to 2024, but will decrease by 13% in 2026, and by another 5% in 2027 due to increased production. Robusta prices are also expected to fall: in 2026, its price will drop by 2%, and by another 2% in 2027.
In the tea market, a price decrease of 5% is forecasted for 2025 due to expanded production in South Asia and East Africa, followed by an expected increase of nearly 2% annually in 2026-2027.