Global food prices at three-year high as heatwaves and wars push up crop costs

Source: Guardian Money 1 day ago

UN index says weather is affecting wheat yields while conflicts in Ukraine and Iran hit exports and drive up prices

Business live – latest updates

Global food prices have hit their highest level in three and a half years, as summer heatwaves and conflict in Ukraine and the Middle East push up crop costs.

The UN Food and Agriculture Organization (FAO) index of food commodity prices rose last month to its highest level since January 2023, after a jump in prices for cereals, sugar and vegetable oil.

This is a summary. Read the complete story at the original publisher:

Read the full article on Guardian Money →

Source: https://www.theguardian.com/business/2026/aug/07/global-food-prices-three-year-high-heatwaves-wars-crop-costs

Global food prices at three-year high as heatwaves and wars push up crop costs

More in Business

Is football AI-proof? Why tech investors wanted a slice of the World Cup

Super-rich complain but experts welcome Mamdani’s pied-à-terre tax

Google DeepMind enters a new era as co-founder Demis Hassabis shifts AI role

Can Harvey Nichols find its way back to being Absolutely Fabulous again?

Train operators to crack down on ‘donutters’ and other digital ticket cheats

Fifa president Gianni Infantino denies claims Uefa paid off alleged ‘lover’