Global food prices have increased for the second consecutive month, driven largely by the ongoing conflict in the Middle East, which has disrupted energy markets and raised production and transportation costs worldwide.
According to the Food and Agriculture Organization (FAO), its Food Price Index reached 128.5 points in March 2026—marking a 2.4% increase from February and a 1% rise compared to the same period last year.
The FAO’s latest report highlights that sugar and edible oil recorded the sharpest price hikes over the past month. Sugar prices surged by 7.2%, while edible oils rose by 5.1%. Grain prices also trended upward, increasing by 1.5% overall, with wheat alone seeing a notable 4.3% rise in global markets.
Meat prices experienced a modest increase of 1%. However, there was some relief for consumers as rice prices declined by 3% in March, offering limited respite amid broader inflationary pressure.
The UN agency warned that the conflict is not only affecting transportation but also significantly increasing fuel and fertilizer costs—two key inputs in agricultural production. This could have long-term consequences for global food supply.
FAO Chief Economist Máximo Torero cautioned that if the conflict persists beyond 40 days, farmers may be forced to reduce fertilizer use or shift to alternative crops, potentially lowering overall agricultural output.
The FAO further warned that prolonged instability could disrupt global food production and supply chains throughout the year and beyond, increasing the risk of food insecurity for millions of people worldwide.
