FAO Reports Record Food Price Rise

Global food prices rose in August 2026, reaching their highest level since late 2022. The increase was driven by concerns over crop supplies due to heatwaves and droughts, as well as disruptions in trade and transportation linked to tensions and wars in the Middle East and the Black Sea region. The food price index stood at 133.3 points, up 1.9% from July, with gains in grains, vegetable oils, meats, dairy products, and sugar. This uptick reflects high global demand and the impact of adverse weather conditions, with production expectations declining in certain areas—especially in Europe—leading to a 15% increase in wheat prices over the year.

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