Global agriculture prices notched their biggest quarterly jump since Russia’s 2022 invasion of Ukraine, as tensions in the key Black Sea region and extreme weather threaten more inflationary worries for central banks.
The Bloomberg Agriculture Spot Index, which tracks 10 key crops from soybeans to coffee, jumped 13% in the three months through September, the most since March 2022. While the gauge has eased from last month’s peak, it’s still up more than 20% over the past year.
