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Newsflash: World food prices rose in September to their highest in nearly four years as farmers were hit by hot weather and logistics disruptions.
The United Nations’ Food and Agriculture Organization’s Food Price Index, which tracks a basket of food commodities, has jumped to its highest level since November 2022.
Persistent hot and dry weather led to a downward revision of sugarbeet yield forecasts in the European Union, where planted area was already anticipated to decline from the previous season, while El Niño-related weather conditions continued to affect production prospects in key producing countries in Asia.
Lower sugar production in Brazil’s key Center-South growing region also contributed to the tighter supply outlook. Additionally, India’s announcement of duty-free raw sugar imports further contributed to the increase in international sugar prices.
International poultry meat prices rose, reflecting a rebound in Brazilian export prices amid strong global import demand. Pig meat quotations also surged, principally driven by higher prices in the European Union, where high temperatures continued to slow animal growth,…
