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Tag Archives: Global food prices

Wheat prices recorded the sharpest drop in 27 months in September!

October, 2026… Driven by expectations of potential peace between Russia and Ukraine, favourable weather conditions and declining demand, the price of wheat per bushel fell by 12.7 percent in September, marking the steepest monthly decline since June 2024. ISTANBUL… Wheat prices are being shaped by weather conditions and geopolitical developments …

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New research: The climate crisis is driving up food prices, whilst El Niño is exacerbating the risk!

Press release… October, 2026… Extreme weather events—such as droughts, heatwaves, floods, wildfires and storms—whose frequency, duration and intensity are increasing alongside climate change, are threatening food security worldwide. A study published today by the Zero Carbon Analytics (ZCA) research group reveals how extreme weather events drive up both food inflation …

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Global food prices hit their highest level since 2022 as Russia-Ukraine war disrupts wheat exports!

September, 2026… Black Sea disruptions push wheat futures up around 30% year-on-year, pressuring international markets… WARSAW… Global food prices rose in August to their highest level since late 2022 as disruptions linked to the Russia-Ukraine war put renewed pressure on grain markets and Black Sea exports, according to UN data …

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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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Update on the global agrifood implications of the 2026 conflict in the Middle East!

The Strait of Hormuz has been effectively closed since 28 February. As of 13 April, vessels are still not moving in meaningful numbers. The last ships to leave before the blockade are now reaching their destinations, meaning the real supply gap is only beginning to materialise. Key messages: Before the …

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FAO warns prolonged Hormuz crisis could trigger global agrifood catastrophe!

UN agency says delayed fertilizer, energy shipments risk lower crop yields, higher food inflation! 13 April, 2026… The UN Food and Agriculture Organization (FAO) warned Monday that a prolonged disruption in the Strait of Hormuz could develop into a global agrifood catastrophe by delaying shipments of critical agricultural inputs, raising …

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FAO: Global food prices could keep rising if Iran war lasts!

Global food prices rose for a second straight month in March to hit their highest level since September last year and could rise further if the Middle East conflict that pushed up energy prices continues, the United Nations Food and ​Agriculture Organization (FAO) said on Friday. “Price rises since the …

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Climate change driving up global food prices!

European researchers find extreme climate events, such as droughts, floods, heavy rainfall and more, result in both domestic and international price hikes for agricultural products such as coffee, cocoa, rice, among others… August, 2025… Global food prices are on the rise with extreme weather conditions caused by climate change, as …

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FAO: Global food import bill to rise to over 2T dollars in 2024

Food and Agriculture Organization forecasts 22.9% hike in cocoa, coffee, tea import expenditures, contributing to overall increase… The global food import bill is estimated to increase 2.2% year-on-year to over $2 trillion in 2024, according to the Food Outlook report by the UN Food and Agriculture Organization (FAO) on Thursday. …

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World food prices index stable in June…

Price hikes for vegetable oils, sugar, dairy products offset decline in those for cereals, UN food agency report shows… The index for global food prices remained stable in June as hikes in prices for vegetable oils, sugar and dairy products offset a decline in those for cereals, according to the …

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