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

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.


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