Russia and Ukraine account for just 2% of global trade – but it’s their role as key providers of staples: grain, sunflower oil and fertilizer that makes the presence of this war felt on plates thousands of miles away. While the prices of cereals and oils slipped in the latest months, as alternative sources improved, prices across all commodity groups up by 23% compared to a year ago. With a delay of about six months before wholesale prices impact shop shelves, households are in for more pain in the short term. Moreover, these commodity prices are volatile at the best of time; there could be more upsets in store.
Global food prices fall but shoppers still face bill hikes
Date:
More like thisRelated
Tech Life – Sharing the road with driverless cars
Available for over a yearChris Vallance finds out about...
Based on Publicly Disclosed UN Documentation, the SDGs Audit Initiative ESGAcode Highlights Emirates and Naviair in Global Aviation Governance
New York, April 2026—An official statement submitted to the...
The US-Israel War against Iran and the Lebanese Front
Sever Hezbollah’s maritime connection
Prioritizing the severing of the north-south...