The FAO Food Price Index rose 1.9% to 133.3 points in August 2026, marking its second consecutive monthly increase and reaching its highest level since November 2022. The rise reflected broad-based increases across all commodity categories. Sugar prices recorded the biggest increase, jumping 11.9% to a new high since June 2025, amid growing concerns over the global sugar supply outlook in the 2026/27 season. Dairy prices went up 2.3%, driven by higher milk powder and cheese. Cereals rose 2.2% to May 2024-highs, supported by robust demand, weather-related concerns over crop prospects in key producing regions, and continued uncertainty surrounding Black Sea export flows. Meat cost increased 1% reflecting higher poultry, pig and ovine meat prices. Finally, cost for vegetable oils edged up 0.6% to its highest level since June 2022, amid higher world palm and soy oil prices, which more than offset lower quotations for sunflower and rapeseed oils.