Global food inflation is expected to accelerate in the coming months and persist into 2027, as war-related shipping disruptions, higher farming costs, and El Niño-driven drought add pressure on supplies. The FAO Food Price Index averaged 136 points in September, its highest level since November 2022. Rice prices in Indonesia hit record highs, sugar in India reached an all-time high, and wheat prices have climbed more than 30% in 2026. Food prices outpaced headline inflation in 22% of the 150 countries analyzed by the World Bank in the September quarter, up from 14% in the previous quarter. With global grain stocks weakening as a buffer, the return of major importers to the market could push prices up more sharply.
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food pricescommoditiesinflationsupply chain
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▲ Likely positiveRelevance: low
| Market | Gold |
|---|---|
| Close on 10/20/2026 | 4,125.21 |
| Change that session | -0.38% |
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