Food prices just hit a 3-year high and Wall Street is sounding the alarm on shortages. War, weather, and broken supply chains are colliding at the worst possible time for American grocery bills

Global food prices surge to highest level since 2022 as multiple crises converge
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Global food prices surge to highest level since 2022 as multiple crises converge

Global food prices hit their highest level since November 2022, with the FAO’s index rising 1.9% in August Sugar prices surged nearly 12% on weather damage to crops in Europe, Asia, and Brazil Wheat and maize costs climbed as Black Sea conflict