The FAO food index held near a three-year high in May; underneath, weather, fuel and fertilizer costs pushed all major grains higher
Agriculture & Food
Grain, fertilizer, seeds and the price of a meal.
state of play
Food prices are grinding up beneath a flat headline: the FAO cereal index rose for a fourth straight month on poor US winter wheat, with rice firmer on fuel-linked costs. Two forward risks compound it — a probable strong El Niño threatening tropical crops, and fertilizer costs tied to the energy shock. Cheaper Russian supply is the main cap. Watch the November El Niño peak and US harvest.
tracking
Grains
Soft commodities
Protein & fisheries
Seeds & agri-genetics
Export bans & food security
latest