Home > News > Russia-Ukraine War Continues to Push Food Price Index to Record Highs

Russia-Ukraine War Continues to Push Food Price Index to Record Highs

Posted April 12, 2022
in Top Ag News

Yellow Bananas hanging in a grocery store aisleThe UN index of food prices rose by 12.5% after the news of Russia’s invasion of Ukraine. USDA reported world commodity prices have risen to their highest levels ever. Wheat prices have soard 19.7% higher, making rice the more afforable option in some places in the world. Corn increased as well to 19.1% in March as Russia and Ukraine account for 30% of wheat and 20% of corn on the global production market.

The price differences could impact consumer choices, according to USDA’s Grain: World Markets and Trade report. Meanwhile, vegetable prices climbed 23% higher in March with Ukraine as the leading factor.

Read more on the UN food price index and its impact on consumer choices here.

Subscribe

Be among the first to learn about the ever-changing crop insurance industry by subscribing to the ProAgMessaging system.
Subscribe

Featured

  1. Scott and Kate Schaefers Honored for Wildlife Stewardship
    May 23, 2023
  2. USDA Requests Feedback on Prevented Planting Crop Insurance Coverage and Listening Sessions
    May 24, 2023
  3. USDA Previews Emergency Relief Assistance for Agricultural Producers Who Incurred Losses Due to 2022 Natural Disaster Events
    May 22, 2023
  4. Farmer walking through soybean field at sunset
    El Niño to Bring Warmth, Moisture to Midwest
    May 22, 2023
  5. Begin Efforts Now to Manage Summer Milkfat Reduction
    May 23, 2023