The Food and Agriculture Organization of the United Nations (FAO) announced that global food prices experienced their largest monthly increase since 2022 in September, as unfavorable weather conditions put significant pressure on prices. categories of food products.
The FAO said its general food price index rose 3% from August levels, recording the largest monthly increase since March 2022, when food prices rose due to disruption in energy and food supplies. with the start of the Russian-Ukrainian conflict.
The FAO notes that the rise in food prices this time is due to several factors, the most important of which is the fear of bad weather conditions.
This led to a 3% increase in grain prices, the largest component of the overall index, reversing a three-month downward trend.
Unusually wet conditions in Canada and the European Union led to higher wheat prices, while low water levels in Brazil and the United States affected corn production.
