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flag World food prices rose in February 2026, driven by higher cereal, meat, and vegetable oil costs, despite a drop in sugar prices.

flag World food prices rose in February 2026 for the first time in five months, with the UN’s FAO Food Price Index averaging 125.3 points, up from 124.2 in January. flag Increases were driven by higher cereal, meat, and vegetable oil prices, particularly wheat due to weather disruptions and Black Sea logistics issues, and vegetable oils fueled by strong demand and reduced Southeast Asian output. flag Meat prices rose on strong beef demand in the U.S. and China and record sheep meat prices. flag Dairy prices fell on lower cheese costs, though milk powder and butter rose due to tight supplies. flag Sugar prices dropped to their lowest since October 2020 amid expectations of ample global supply. flag The FAO also raised its 2025 global cereal production forecast to a record 3.029 billion metric tons, with stocks-to-use ratio projected at 31.9% by 2026.

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