FAO Food Price Index Hits Highest Level Since 2023 Amid Global Conflict
The FAO's Food Price Index (FFPI) rose to its highest level in over three years, reaching 131.1 points in July.
This increase is attributed to adverse weather conditions and escalating conflicts in the Black Sea and Persian Gulf regions.
Cereal prices saw a 3.4 percent monthly increase, with wheat prices rising by 5.8 percent.