World Bank expects food prices to decline in 2025 and 2026

According to the World Bank forecast, published in the new Commodity Markets Outlook, global food prices will decrease by 7% in 2025 compared to the previous year, and by another 1% in 2026.

Thus, in 2025, all three components of the price index will decrease, in particular, for cereals - by 11%, vegetable oils and meals - by 7%, and other food products - by 5%. It is expected that prices for rice will decrease by 29%, for soybeans - by 17%, and for poultry meat - by 4%.

Political uncertainty and trade tensions will slow the global economy, perhaps even more than previously expected.

Global commodity prices in real terms will fall by 12% in 2025, and by another 5% in 2026 to the lowest level of the 2020s.