World food prices hit near four-year high as heatwaves and El Niño squeeze farmers
The UN's Food Price Index climbed to its highest level since November 2022, driven by sugar, poultry and pig meat costs.
Written by EGazette’s AI. The facts are drawn from cited sources; the analysis is the AI’s own.
World food prices rose in September to their highest level in nearly four years, as farmers faced disruptions from hot weather and El Niño-related conditions, according to data reported by The Guardian.
The UN Food and Agriculture Organization's Food Price Index, which tracks a basket of food commodities, climbed 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 the planted area had already been expected to shrink from the previous season. El Niño-related weather also continued to weigh on production prospects in key sugar-producing countries in Asia, while lower output in Brazil's Center-South growing region added further pressure to supply.
India's announcement of duty-free raw sugar imports contributed further to rising international sugar prices, the report said.
International poultry meat prices also rose, reflecting a rebound in Brazilian export prices amid strong global demand, while pig meat prices surged as high temperatures in the European Union slowed animal growth and limited the availability of slaughter-ready pigs.
Sources
- World food prices hit near four-year high as heatwaves and El Niño hit farmers – business live — The Guardian — Business
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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