In April 2026, the Food Price Index climbed 1.6% compared to March, marking the third consecutive monthly increase. Vegetable oils, meat, and cereals registered price gains, partially offset by declines in sugar and dairy. Cereal prices rose 0.8%, driven by drought in parts of the United States, below‑average rainfall in Australia, reduced wheat acreage, shifts to lower‑fertilizer crops, and strong demand for ethanol amid rising crude oil prices.”

“Vegetable oil prices were lifted by expected biofuel demand and continued supply constraints in the Black Sea region. Poultry meat prices also rose, fueled by higher prices in Brazil and strong buying interest from African markets, alongside shipping route changes through the Red Sea.