2026-04-04 17:27:50

Global food prices are rising as energy costs spike:

The World Food Price Index jumped +2.4% in March, to 128.5 points, the highest since September 2025.

This index tracks the cost of grains, sugar, meat, dairy, and vegetable oils globally.

This marks the 2nd consecutive monthly increase, after February ended a 5-month streak of declines.

Surging energy and freight costs, along with disrupted flows of grains and fertilizers through the Strait of Hormuz, are the major drivers.

The energy crisis is spreading into food.

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