Risks in global food markets

Global food commodity prices stabilized in April 2024, following six consecutive quarterly declines. 

The World Bank’s food price process kndex is projected to decrease by 6 % in 2024 and 4 % in 2025.

However, several risks underpin these price forecasts, including energy and fertilizer costs, potential maritime chokepoints, and weather-related supply shortfalls. In the longer term, biofuel policies could affect food prices.

Read the entire article here: WB Blog

Source:WB