World food prices hit 3-year high in July as weather and war weigh, FAO says - Reuters

World food prices hit 3-year high in July as weather and war weigh, FAO says  Reuters

Global Food Prices Rise to Three-Year High as Supply Fears Build

Global food prices edged higher in July to the highest in more than three years as renewed concerns over key grain export corridors compounded adverse weather across major growing regions.

By Eleanor Thornber

Global food prices at three-year high as heatwaves and wars push up crop costs

UN index says weather is affecting wheat yields while conflicts in Ukraine and Iran hit exports and drive up prices Business live – latest updates Global food prices have hit their highest level in three and a half years, as summer heatwaves and conflict in Ukraine and the Middle East push up crop costs. The UN Food and Agriculture Organization (FAO) index of food commodity prices rose last month to its highest level since January 2023, after a jump in prices for cereals, sugar and vegetabl...

By Graeme Wearden

Global Food Prices Hit Three-Year High As War, Chokepoint Chaos And El Nino Spark Perfect Storm

Global Food Prices Hit Three-Year High As War, Chokepoint Chaos And El Nino Spark Perfect Storm The UN Food and Agriculture Organization’s Food Price Index climbed to a three-year high in July, extending its upward trajectory as conflicts across Eurasia (the Black Sea and the Hormuz chokepoint) disrupt critical trade routes and mounting El Niño risks threaten global harvests. The United Nations Food and Agriculture Organization’s FAO Food Price Index, which tracks monthly change...

By Tyler Durden