Global Food Prices Decline: Forecast Until 2027
The global food market is showing a trend of declining prices, which is expected to continue for at least two more years. According to estimates by World Bank experts, the cost of food on global markets will decrease by 6% in 2025, and by another 0.3% in 2026.
This is reported by AgroReview
Detailed Analysis of Price Dynamics for Key Products
It is anticipated that food prices will remain relatively stable in 2027, with fluctuations in the prices of grains, oils, flour, and other products not exceeding 1-2% compared to the previous year.
Experts note that in October, rice prices fell to their lowest level since 2017. The main reason for this was an increase in the global supply of this crop amid weakening import demand. Rice production reached record levels, and India lifted export restrictions, leading to a 5% increase in global rice stocks compared to last year, primarily in leading exporting countries — India, Pakistan, Thailand, the USA, and Vietnam.
A decrease in wheat prices is also expected in the global market. It is forecasted that wheat production will increase by 7% in 2025, and in 2026-2027, volumes will grow by another 4% each year. This could positively impact the prices of bread and bakery products.
Forecasts for Other Products: Sugar, Meat, Coffee, and Tea
Global corn prices are expected to rise by 4% in 2025, but a decrease is anticipated in 2026, followed by a slight increase again in 2027.
“Global corn production is expected to increase by 5% to a record level in the 2025-2026 season, but considering the rise in consumption and low initial stocks, the overall supply is forecasted to only slightly exceed demand.”
In 2025, soybean prices are also expected to drop due to a record harvest; however, prices will stabilize over the next two years.
Other food products saw a 6% decrease in the third quarter of 2025 compared to 2024, attributed to falling prices for fruits and sugar, despite rising beef prices. According to analytical data, global sugar prices are expected to fall by 15% in 2025 compared to 2024. A further decrease in sugar prices of 3% is anticipated in 2026, as production will exceed consumption. Price stabilization for sugar is expected in 2027.
At the same time, beef prices in the USA — one of the key markets in the world — increased by 2% in the quarter and by 9% compared to the last four quarters. This is due to a reduction in the cattle population to its lowest level since 1951; however, beef prices are expected to stabilize in 2026-2027.
Coffee lovers will receive good news: although Arabica prices will rise by 50% compared to 2024 in 2025, prices are expected to decrease by 13% in 2026, and by another 5% in 2027 due to anticipated production increases. Robusta prices will also decline: by 2% in 2026, and by another 2% in 2027.
Tea will become more affordable: after an expected price decrease of 5% in 2025, thanks to increased harvests in South Asia and East Africa, tea prices will rise by nearly 2% each year in 2026 and 2027.