Food prices reach three-year high

Global food prices rose in July 2026 to their highest levels in more than three years, according to a FAO report, due to adverse weather conditions and escalating conflicts in the Black Sea and Gulf regions. The FAO Food Price Index increased by 0.6% month-on-month and 1% year-on-year, with notable rises in wheat prices by 5.8% and maize by 3.6%, while rice prices remained stable. Heightened tensions in major producing areas, especially across the Black Sea, along with rising energy costs, have contributed to increased production expenses. Experts anticipate a new wave of global inflation by the end of 2026.

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