Global food prices have reached a four-year high

This trend was noted by Maximo Torero, chief economist of the Food and Agriculture Organization of the United Nations (FAO), who noted that among the main causes are climate change, disruptions to shipping in the Strait of Hormuz and the Black Sea, as well as problems with fertilizer production.

“If this pressure persists, it will soon begin to affect consumer food prices, especially in countries dependent on food and energy imports,” Torero emphasized, adding that grain supplies to global markets will decline, and more sharply than originally expected.

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