Global food prices rose to their highest level since late 2022 in… — Jimmy Hill Reports △

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🌾 Global food prices rose to their highest level since late 2022 in August, — Reuters

Extreme heat and drought in Europe, the threat of the "El Niño" climate phenomenon, and trade shocks caused by the wars in Ukraine and Iran have destabilized agricultural markets, pushing grain prices to their highest level in the past three years.

In August, all FAO price indices for cereals, vegetable oils, sugar, meat, and dairy products increased.

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