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๐Ÿ‡ฆ๐Ÿ‡ช United Arab Emirates /Economy & Trade

Global food prices reach highest level since late 2022

From Gulf Today · () English

Translated from English and summarized by DistantNews. Read the original for the full story.

At a glance

Newswire Official statement Context piece
  • The FAO Food Price Index rose to 133.3 points in August from a revised 130.8 points in July.
  • The increase took the index to its highest level since late 2022, with adverse weather and shipping disruptions cited as drivers.

Global food prices climbed in August to their highest level since late 2022, the UN Food and Agriculture Organization said on Friday.

The FAO Food Price Index, which tracks monthly changes in international prices for a basket of globally traded food commodities, averaged 133.3 points in August. That compared with a revised 130.8 points in July.

The FAO attributed the rise to adverse weather conditions and disruptions to international shipping.

About this summary

Originally published by Gulf Today in English. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.