00:00It's Benzinga bringing Wall Street to Main Street.
00:02Global food inflation is expected to accelerate in the coming months and persist into 2027 as
00:07war-related shipping disruptions and El Nino-driven droughts strain supplies, according to Reuters.
00:14Attacks on black sea grain infrastructure and insecurity in the Red Sea have disrupted
00:19shipments and increased freight costs. The U.S.-Israeli war on Iran has also driven up
00:24fuel and fertilizer prices. Wheat prices have risen more than 30 percent this year, while rice prices
00:30in key Asian exporting countries have climbed 10 percent to 13 percent. The United Nations Food
00:37and Agriculture Organization warns that dwindling inventories and higher commodity costs could
00:43intensify inflation. Rising prices are placing the greatest pressure on low- and middle-income
00:49countries, where food accounts for a larger share of household spending.
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