Food prices continued to rise in September, with the WFP’s Food Price Index reaching a new record high. The index, which tracks the prices of a basket of food commodities, rose by 1.2% in September from August.The rise in food prices was driven by a number of factors, including the ongoing war in Ukraine, which has disrupted global food trade. The war has also led to a sharp increase in the price of wheat, as Ukraine is a major exporter of the crop.In addition, the ongoing drought in southern Africa has also contributed to the rise in food prices. The drought has caused crop yields to decline, leading to higher prices for food staples such as maize and rice.The rise in food prices is having a significant impact on food security around the world. The WFP estimates that 828 million people are facing acute food insecurity, and the number is expected to rise in the coming months.The WFP is calling for urgent action to address the rising food prices. The organization is urging governments to provide financial assistance to vulnerable households and to increase their food production.Here are some of the key findings from the WFP Market Monitor in September:
- The WFP Food Price Index reached a new record high of 154.2 points in September, up 1.2% from August.The price of wheat rose by 5.2% in September, driven by the war in Ukraine.The price of maize rose by 2.9% in September, due to the ongoing drought in southern Africa.The price of rice rose by 1.7% in September, as global demand continues to grow.The rise in food prices is having a significant impact on food security around the world.
The WFP is calling for urgent action to address the rising food prices. The organization is urging governments to provide financial assistance to vulnerable households and to increase their food production.
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