The main theme of the report is the analysis of global and domestic food prices, with a focus on cereals.
Key findings include a sharp drop in global maize prices in June 2025 due to increased seasonal supplies from the Southern Hemisphere, a decline in international rice prices due to weak demand for Indica varieties, and a rise in global wheat prices in some regions despite pressure from Northern Hemisphere harvests, mainly due to weather conditions in key production areas. FAO's analysis shows that macroeconomic challenges, protracted conflicts, and extreme weather conditions are major factors driving up food prices in several countries. Depreciation of national currencies has increased price pressures, especially in food-importing countries. Escalation of conflicts has exacerbated food price inflation in several regions, particularly in Eastern Africa and the Central Sahel. Conversely, food-related policy measures have helped contain price increases in various countries, while supply recoveries following recently completed or ongoing harvests have contributed to lower staple food prices in East Asia, South America, and Southern Africa.