Official figures

World Bank expects food prices to rise 10% in 2026, 7% in 2027

The World Bank said in a November 12 blog post that its food price index slipped in October after a three-year high in September, though it was still 15% above a year earlier. The bank said it projects the index to rise 10% in 2026 and 7% in 2027. It said grain prices rose 9% in the third quarter and gave three causes: attacks on Black Sea ships and ports, dry weather in big grain-exporting countries, and the first effects of an El Niño it called very strong. The bank said world wheat output is projected to fall 2% in 2026-27.

World events. Added November 14, 7:13 am Saskatchewan time.References 1