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The Economic Times

Top News / The Economic Times

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World faces fresh food price surge, FAO warns

Global food prices may rise by year-end and next year. Wars in Iran and Ukraine impact agricultural inputs and exports. Extreme weather events like El Nino are also reducing crop yields. This combination of factors will likely increase consumer food costs globally. Farmers face tight margins, affecting planting decisions for future harvests.

5 Aug 2026 4:14 pm