Global food prices hit highest level since late 2022, FAO says

Global food prices rose in August to their highest level since late 2022, driven by adverse weather conditions and international shipping disruptions, the UN Food and Agriculture Organisation (FAO) said on Friday.

The FAO Food Price Index, which tracks monthly changes in the international prices of a basket of globally traded food commodities, averaged 133.3 points in August, up from a revised 130.8 points in July.