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Updated · Transport Topics · Aug 8U.N. Food Price Index Rises 0.6% in July as Grain, Sugar and Oils Climb
3 articles · Updated · Transport Topics · Aug 8Summary
- The FAO said its global food-commodity price index rose 0.6% from June in July, extending the increase in staple costs.
- Grain, sugar and vegetable oils drove the monthly gain, according to the U.N. agency's latest report.
- The July rise follows broader pressure from weather disruptions and geopolitical uncertainty that had already pushed global food prices higher.
Insights
With extreme weather and conflict dominating headlines, are soaring hidden fertilizer costs the real trigger for a looming global food crisis? As global grain harvests shrink and trade chokepoints close, how soon will this three-year commodity high empty your local grocery shelves?