2 weeks ago

War and Weather Push Up Global Food Prices

War and Weather Push Up Global Food Prices
Why war and weather could push up food prices · indianexpress.com

Two countries called Russia and Ukraine are having a fight, and their fight is happening on the sea where big ships carry food.

The ships carry grains like wheat and corn, which are used to make bread and other foods.

Ukraine used drones to hit grain storage places in a Russian port called Novorossiysk, and both countries are attacking each other's ports and ships.

Because the ships are scared to travel, it is harder and more expensive to move grain around the world.

At the same time, Europe has been very, very hot and dry this summer.

That hot weather is hurting the crops, so farms are growing less wheat and corn than before.

When there is less food and it is harder to ship it, the price of food goes up.

Food prices have already reached their highest level in three and a half years.

Stores might charge more for bread and other foods made from grain.

This affects people all over the world, including families buying groceries.

Key facts

FAO food price index
Three-and-a-half-year high in July
Damaged terminals' capacity
15.6 million tonnes per year at Novorossiysk
EU wheat production forecast
134.2 mt, down 7.5% from 145.1 mt
Ukraine 2026-27 export forecast
Cut from 64.4 mt to 29.6 mt
CBOT corn/wheat price jump
Up 3.8-4% since Tuesday
US wheat export price
$321 per tonne vs $235 a year ago
Ukraine attacks in July
57 on vessels and 67 on port facilities
Russia-Ukraine share of global wheat exports
27.4% in 2025-26

Sources

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