World Food Prices Near Four-Year Highs on Disruptions
World food prices climbed in September, reaching their highest level in nearly four years due to logistics disruptions and weather concerns impacting crop markets, according to the UN's Food and Agriculture Organization. Sugar prices have notably risen to an 18-month peak.
World food prices climbed in September to their highest level in nearly four years, with logistics disruptions and weather concerns weighing on crop markets, the United Nations' Food and Agriculture Organization said. The FAO said fears of a severe El Nino weather pattern have lifted international sugar prices to an 18-month high.