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Global food prices hit 3.5-year high in July…

August 2026… Rome – The benchmark measure of world food commodity prices edged up in July, as recent heatwaves and energy price dynamics pushed up quotations for cereals, vegetable oils and sugar, according to new data released Friday by the Food and Agriculture Organization of the United Nations (FAO). The FAO Food Price Index, …

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Zafer Ergezen: The risks associated with the El Niño weather phenomenon are having an impact on wheat prices

August 2026… Wheat took centre stage in the agricultural commodities market last month… In the commodities market, the agricultural sector saw sharp rises last month due to the El Niño weather phenomenon, global drought and geopolitical tensions, with movements in wheat prices taking centre stage. Global climatic factors and geopolitical …

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