21 Hrs
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وكالة الأنباء القطرية
Global food prices hit 2022 peak in August
Global food prices rose in August 2023 to their highest levels since late 2022, due to poor weather conditions and disruptions caused by the war in the Middle East and the Black Sea region, which heightened concerns about the supply of key crops. The Food Price Index increased to 133.3 points from 130.8 in July, marking the highest level since November 2022, with grain prices up by 2.2% driven by high demand and unfavorable weather conditions. Wheat prices also increased by 2.6% during the month, while barley and maize rose by 2.5% and 3.9%, respectively, reflecting a general rise in food prices resulting from trade disruptions and geopolitical tensions.
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