Agriculture & Food

The June FAO-WFP hunger hotspots report identified 318M people in IPC 3+ crisis across 13 hotspots; Sudan, Gaza, South Sudan and Yemen are at "highest concern." Somalia's Burhakaba district is at 37.1% global acute malnutrition, famine-level, and WFP faces a $131M Somalia funding gap that threatens July operations. Fertilizer costs spiked ~31% from the largest oil supply disruption on record, a direct pass-through to staple-crop input costs in import-dependent countries. The record European heat wave, France at 29.8°C national average, one town above 44°C, is raising alarm for winter-wheat yield projections across southern Europe. The FAO cereal index rose for a fourth straight month in May, US Hard Red Winter wheat up 28% year-on-year. Watch the June FAO index (due early July), WFP Somalia funding, Hormuz normalisation's effect on fertilizer, and harvest yield revisions from French and Spanish grain regions.