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Source:
AL24 News
FAO reports rising global food prices in August
Global food prices rose in August 2026 due to concerns over grain supplies and climate change, with global grain production expected to decline by 2% in 2026 to approximately 2,980 million tons, and grain stocks at 947.2 million tons by year's end. The food price index increased by 1.9% month-on-month and 2.5% year-on-year, driven by higher prices for main staples such as wheat (2.6%) and maize (2.5%), while rice prices also rose slightly by 0.5%. Wheat production is expected to drop to 810.7 million tons, remaining 3.8% below 2025 levels. Additionally, rice production during the 2026/2027 season is forecasted to fall to over 553 million tons due to weather conditions. Global grain trade is projected to decrease to 509.3 million tons.
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