Large stocks from 2025 are currently cushioning the effects of the war. But if the conflict continues for more than 40 days, many farmers will face difficulties and global food supplies could be affected, warns FAO chief economist Máximo Torero.
The global cereal price sub-index rose 1.5 percent in March compared to February, the FAO said in a press release. Higher wheat prices, up 4.3 percent, are a major factor behind this.
Wheat prices have been affected by drought that has hit the harvest in the US and by uncertainty surrounding sowing in Australia due to higher fertilizer prices.
