World food prices at highest since 2022, says UN
World food prices at highest since 2022, says UN World food prices rose in August to their highest since late 2022, impacted partly by the war on Iran, the United Nations' Food and Agriculture Organisation (FAO) said on Friday. Extreme heat and drought in Europe, the threat of a severe El Nino weather pattern and trade upheaval caused by the Ukraine and Iran wars have unsettled agricultural…
World food prices surged in August to their highest level since late 2022, according to the United Nations Food and Agriculture Organisation (FAO). The organization attributed the rise to various factors, including the ongoing war in Iran, extreme heat and drought in Europe, and trade disruptions caused by the conflicts in Ukraine and Iran.
The FAO's Food Price Index, which measures monthly changes in a selection of globally traded food commodities, averaged 133.3 points in August, surpassing the previous high of 130.8 in July. This marked the index's highest score since November 2022, although it was still 17% below the record peak reached in March 2022, following Russia's full-scale invasion of Ukraine.
The situation has been further complicated by escalating attacks in the Black Sea, which have disrupted grain shipments from Russia and Ukraine, and the ongoing war in Iran, which continues to strain fertilizer supplies for crops.
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