The Western news agency Bloomberg reported that humanity will soon face rising food prices.
According to the publication, today the index of the cost of agricultural products, which includes basic goods, is growing by 7 percent every month.
Bloomberg explains: “This figure is the highest since the beginning of 2022.”
The newspaper blames the rise in prices on floods and drought in key farming regions.
The agency believes that this situation poses a serious threat to the production of sugar, grain and coffee.
Critical indicators
Bloomberg writes: "Wheat futures rose sharply in Chicago."
The reason is that there are risks of a significant deterioration in weather conditions in the countries that export this important raw material.
In addition, it is reported that global wheat reserves have already almost reached a nine-year minimum.
