The global food market is experiencing a period of declining prices, which will last at least until 2027. According to the World Bank’s forecast, the average global food price will decrease by 6% in 2025, and by another 0.3% in 2026. Subsequently, in 2027, prices will remain stable: the cost of grains, oils, flour, and other staple products will fluctuate within 1-2% compared to the previous year.
This is reported by Finway
Price Dynamics of Major Food Products
A significant drop in rice prices in October 2025 was a result of record production volumes, excess supply, and moderate import demand. Additionally, India lifted its restrictions on rice exports, and stocks of this crop among major exporters such as India, Pakistan, Thailand, the USA, and Vietnam increased by 5% compared to the previous year.
Wheat prices are also expected to decline in 2025, which may impact the prices of bread and baked goods. The global wheat harvest is projected to grow by 7% in 2025, and by another 4% annually in 2026-2027.
Regarding corn, experts predict a 4% increase in global prices in 2025, followed by a further decrease in 2026, and again a slight increase in 2027.
“Global corn production is expected to rise by 5% in the 2025-2026 season to a record level, but considering the increase in consumption and low initial stocks, the overall supply is forecasted to only slightly exceed demand.”
Soybeans are also expected to become cheaper this year due to record harvests, and prices will stabilize over the next two years. Meanwhile, in the third quarter of 2025, global prices for other food products were 6% lower than in 2024: the decline in prices for fruits and sugar had a stronger impact than the increase in beef prices.
Price Trends for Sugar, Coffee, Tea, and Meat
In 2025, global sugar prices are expected to fall by 15% compared to 2024, and by another 3% in 2026, due to production volumes exceeding consumption. In 2027, sugar prices will stabilize.
In contrast, beef prices in the USA increased by 2% quarter-on-quarter and by 9% year-on-year. This surge was caused by a reduction in cattle numbers to the lowest level since 1951. However, meat prices are expected to stabilize in 2026-2027.
Coffee lovers can expect a decrease in prices: after a 50% increase in arabica prices in 2025, they will drop by 13% in 2026, and by another 5% in 2027 due to increased production. Robusta prices will also decrease by 2% in 2026 and another 2% in 2027.
Tea prices are projected to fall by 5% in 2025 due to increased production in South Asia and East Africa. However, in 2026 and 2027, tea prices are expected to rise by approximately 2% each year.