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دايلي بيروت
Lebanon's Outlook Amid Global Food Inflation
The Food Importers' Syndicate explains that the rise in global food prices in September, reaching their highest level in about four years, reflects natural fluctuations of between 3 and 6 percent in essential commodity prices and does not indicate a global food crisis. The Syndicate's president affirms that these increases are due to factors such as supply and demand, agricultural seasons, and climate variations, particularly the El Niño phenomenon, which may impact agricultural production and food prices over the next two years. Additionally, political developments in the Strait of Hormuz region could increase costs, and currently, a price decrease is not expected; instead, upward pressure is likely to continue.
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