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The Economic Times
The Economic Times
National

World food prices at highest since 2022 as supply risks mount, FAO says

PARIS: World food prices rose in August to their highest since late 2022, ​as adverse weather and war disruption ​in the Black Sea heightened concern over supply of staples, the United ​Nations' Food and Agriculture Organization said on Friday.

Extreme heat and drought in Europe, the threat of a severe El Nino weather pattern and trade upheaval caused by the Ukraine and Iran wars have unsettled agricultural markets, pushing grain ‌prices to three-year ⁠highs and ⁠sugar to a one-year peak.

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