The Food and Agriculture Organization of the United Nations (FAO) has recorded the impact of the situation surrounding Iran on global food logistics. According to the organization's report, military escalation by the US against Iran has led to higher energy and transport costs, which negatively affects the stability of food supplies.
Price dynamics and market risks
Despite a slight decrease in the food price index in October, it remains significantly higher than last year's figures. The FAO emphasizes that logistical disruptions and instability in transport routes remain the main risk factors for global markets for basic food products.
FAO price index indicators
Experts attribute the 4.5 percent decrease in cereal costs in October to a reduction in import demand for corn and wheat, as well as expectations of increased supplies from South American countries.
