Commodities
Food Prices Rise Amid Heatwaves and Energy Costs
The FAO Food Price Index saw a one percent increase in July compared to the same month last year, influenced by heatwaves and rising energy costs worldwide.
Sugar prices surged by 5.6% in July due to concerns over hot and dry weather affecting crop yields in the EU and Asia.
Global wheat prices rose by 5.8%, impacted by disruptions to Black Sea exports caused by the ongoing conflict between Russia and Ukraine, as well as heatwaves impacting crop yields.