The cost of essential foods edged up by one per cent in July 2026 compared to the previous year, as searing heatwaves and geopolitical uncertainties affected energy prices globally, according to new data from the UN Food and Agriculture Organization (FAO).
The FAO Food Price Index highlighted significant price surges in commodities such as sugar, which rose 5.6 per cent due to concerns over persistent hot and dry weather in the European Union and El Niño-related conditions in major Asian producing countries. Global wheat prices increased 5.8 per cent amid continued disruptions to Black Sea exports caused by the ongoing full-scale Russian invasion of Ukraine, alongside the impact of recent heatwaves on crop yields in several countries.
World maize prices also rose 3.6 per cent, influenced by hot and dry weather in parts of the United States and spillover effects from firmer energy markets amid heightened geopolitical tensions.
The Integrated Food Security Phase Classification (IPC) noted that despite a good harvest in the 2025/26 farming season following severe El Niño impacts in 2024/25, the situation is expected to worsen during the October 2026 to March 2027 lean season, potentially pushing 2.6 million people into crisis or level 3 hunger.
IPC experts emphasized, “High food prices, inflation, and below‑average staple production are driving acute food insecurity, while forecasts of strong El Niño during the 2026/27 rainy season underscore the need for close monitoring.”
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