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Global food prices hit near four-year high as supply disruptions mount

Warns the price rise will pass through to consumers if sustained

Global food prices hit their highest level in nearly four years in September, the UN's Food and Agriculture Organization reported on October 2. The FAO Food Price Index averaged 136 points, up 1.5% from August and 5.8% from a year earlier, its strongest reading since November 2022.

Updated 2 hours ago

Notable Quotes

We are seeing a persistent and increasingly broad based build up in global commodity prices, as disruptions in the Strait of Hormuz and the Black Sea combine with climate shocks, putting pressure on energy, transport and key food commodities.

from Global food prices hit near four-year high as supply disruptions mount · Updated 2 hours ago

If sustained, these pressures will soon pass through to consumer food prices, especially in food and energy import dependent countries.

from Global food prices hit near four-year high as supply disruptions mount · Updated 2 hours ago