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Global Food Prices Surge to 2023 High, 50 M Face Hunger

8/7/2026

26 6 Full Breakdown

Summary

Story summary

FAO reported global food price index hit 131.1 points in July 2026, the highest since January 2023.
Cereal prices rose 3.4% in July, due to a 5.8% wheat jump from Black Sea export cuts and heatwaves.
Sugar rose 5.6% and vegetable oil 2% on weather worries, Brazil ethanol demand, biodiesel demand and crude oil.
The World Food Programme warned that 50 million people could face hunger by 2027 because of El Niño.

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Story summary

FAO reported global food price index hit 131.1 points in July 2026, the highest since January 2023.
Cereal prices rose 3.4% in July, due to a 5.8% wheat jump from Black Sea export cuts and heatwaves.
Sugar rose 5.6% and vegetable oil 2% on weather worries, Brazil ethanol demand, biodiesel demand and crude oil.
The World Food Programme warned that 50 million people could face hunger by 2027 because of El Niño.