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FAO: Trump's policies worsen global food inflation
The report highlights the increase in the Global Food Price Index in July 2026, following two months of decline, driven by higher demand for food products resulting from rising oil prices and the diversion of palm oil for bio-diesel production in Indonesia. Additionally, increased ethanol production in Brazil contributed to the upward trend. The rise in oil prices led to higher costs for palm oil and soybean oil, which in turn contributed to a global increase in food prices. The sugar index also saw a 5.6% rise due to the El Niño phenomenon and expectations of increased ethanol demand. Meanwhile, grain prices, particularly wheat and maize, increased by 5.8% and 3.6% respectively, amid ongoing disruptions to Black Sea exports and the impact of heatwaves on crop productivity. Geopolitical tensions and concerns over supply disruptions have also influenced global food prices, further exacerbating food inflation worldwide.
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