Supply Concerns Drive Global Food Prices Higher in August

The benchmark index of world food commodity prices edged up in August as high temperatures and other weather-related risks raised concerns over supply prospects. “August’s increase in global food prices is a warning that the risk premium is returning to food markets: climate shocks, geopolitical tensions and disrupted trade logistics are converging to tighten supply expectations, showing that resilience, open trade and secure input flows are now central to global food-price stability.” Read what's happening here.