Global markets continue to record significant price increases for certain categories of food products. According to the Food and Agriculture Organization of the United Nations, in July 2025, meat and vegetable oils saw the highest price increases, leading to a new historical peak in their value.
This is reported by Finway
Price Dynamics of Meat and Vegetable Oils
In July, meat prices rose by 1.2% compared to June and by 6% year-on-year. The main contributors to this increase were beef and lamb, while poultry prices also showed growth, and pork, on the contrary, became cheaper. Thus, meat prices set a new record in the history of observations.
An even sharper increase is observed in the vegetable oil market. The cost of this category of products increased by 7.1%, reaching the highest level in the last three years. The rise in prices for palm, soybean, and sunflower oils completely offset the decrease in canola oil prices. Particularly, sunflower oil prices surged due to seasonal supply reductions in the Black Sea region.
“Sunflower oil prices increased due to seasonal supply reductions in the Black Sea region.”
In contrast, global prices for canola oil decreased in July due to the emergence of new crop supplies, particularly in European countries.
Changes in the Grain, Dairy, and Sugar Markets
In July 2025, a decrease in grain prices was noted: they fell by 0.8% month-on-month and by 3.8% year-on-year. In particular, export prices for barley and corn showed an increase, while those for sorghum and wheat decreased. International corn prices were influenced by dry weather conditions in Eastern Europe and certain regions of Ukraine. At the same time, rice became cheaper by 1.8% month-on-month.
Dairy products slightly decreased in price by 0.1% compared to June, but remained significantly more expensive than a year ago: the increase over 12 months is 21.5%. This is the first decrease in the dairy product group since April 2024, associated with falling international prices for butter and skim milk powder, although cheese prices continued to rise. For the first time in six months, the price of butter also decreased.
Global sugar prices continue a five-month downward trend: in July, they were 0.2% lower than in June and 13.5% lower year-on-year.
Overall, the global food price index in July 2025 increased by 1.6% compared to June, although it remains 7.6% lower than in July 2024.