Global food prices rise after Russia ends grain deal and India restricts rice exports

Global food prices rise after Russia ends grain deal and India restricts rice exports

Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the U.N. Food and Agriculture Organization said Friday.

The FAO Food Price Index, which tracks monthly changes in the international prices of commonly traded food commodities, increased 1.3% in July over June, driven by higher costs for rice and vegetable oil. It was the first uptick since April, when higher sugar prices bumped up the index slightly for the first time in a year.

 

Global food prices rise after Russia ends grain deal and India restricts rice exports

Global food prices rise after Russia ends grain deal and India restricts rice exports

Who Wins Germany’s Election Next Month?

Germany’s upcoming federal election is scheduled for September…
Global food prices rise after Russia ends grain deal and India restricts rice exports

North Korea Nuclear Reactor Resumes Operations

A nuclear reactor in North Korea that closed from December…
Global food prices rise after Russia ends grain deal and India restricts rice exports

China Will Soon Surpass Russia as Nuclear Threat

China, in the midst of a rapid nuclear weapons buildup, will…