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UN reports global food prices near peak
The Food and Agriculture Organization (FAO) reported that global food prices rose in September to their highest levels in nearly four years, driven by logistics disruptions and climate concerns related to the El Niño phenomenon. The price index reached 136.0 points, the highest since November 2022, with sugar prices hitting a 18-month high and wheat futures prices reaching levels not seen in three years, placing additional pressure on consumers, especially in energy- and food-importing countries. The report warns that if these conditions persist, food prices could increase even further in the future.
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