24 Hrs
Source:
الاقتصادية
FAO Reports Rising Food Prices
Global food prices remain near their highest levels in over three years, despite declines in palm oil and soybean prices. This comes amid disruptions in agricultural input supplies caused by the Iran conflict, which has led to increased costs for crops like corn and rice. The FAO expects grain production to decrease by 2% during the 2026-2027 season, while food prices are projected to rise by 3% compared to last year. These trends threaten to fuel food inflation and impact the global market in the coming months.
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