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المشهد العربي
FAO forecasts ongoing rise in agri prices until December
The Food and Agriculture Organization (FAO) of the United Nations predicts that the prices of agricultural commodities will continue to rise until December, due to disruptions in global supply chains, rising energy costs, and increased production expenses. The organization's Chief Economist noted that the military escalation in the Black Sea region has reduced suppliers' ability to access international markets, especially since the area accounts for about a third of global grain exports. He explained that the risks are particularly concentrated on wheat and rice crops due to delayed planting seasons in India, Australia, and the United States, as well as difficulties in shipping Ukrainian harvests. Meanwhile, maize risks remain linked to concerns over summer crops in Europe.
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