Global food prices hit three-year peak
FAO data shows that global food prices rose in July 2026, reaching their highest level in over three years, with the price index at 131.1 points compared to 130.3 in June. The main increase was driven by higher grain prices, which rose by 3.4%, with wheat prices up by 5.8% due to concerns over potential disruptions to Black Sea exports and the impact of heatwaves on crops. Additionally, vegetable oil prices increased by 2%, while meat prices fell by 2.8%. Sugar prices, on the other hand, jumped by 5.6% amid weather conditions and worries about reduced exports to the global market.
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