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FAO: Food prices hit 2022 peak
Global food prices in August rose to their highest level since late 2022, due to poor weather conditions, the war in the Gulf and the Black Sea, and trade tensions resulting from the Ukraine and Iran conflicts. This led to cereal prices reaching their highest point in three years, while sugar prices hit a one-year peak, with all the food price indices tracked by the Food and Agriculture Organization also increasing. This rise serves as a warning of the reemergence of risks to global food markets.
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