Global food prices reach new high

Global food prices rose by 1.9% in August, reaching their highest levels since the end of 2022, due to geopolitical tensions and severe weather conditions. Sugar prices saw a significant increase of 11.9%, while wheat prices rose by 2.6%, amid a larger-than-expected decline in grain production for 2026, which fell to 2.98 billion tons—its lowest level since 2018. These factors are impacting food supplies and increasing the risk of global inflation.

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