Global Food Commodity Prices Up Again in August

Global food prices rose for a second consecutive month in August, reaching their highest level since late 2022, as adverse weather, geopolitical tensions and trade disruptions increased concerns about supplies of major agricultural commodities. The Food and Agriculture Organization of the United Nations said Friday that its Food Price Index averaged 133.3 points in August, up 1.9% from a revised July reading and 2.5% above a year earlier. The index had risen 0.6% in July after declining 0.3% in