ElZubi on Al Jazeera: The Food Price Index rose again this month

“Vegetable oil prices were lifted by expected biofuel demand and continued supply constraints in the Black Sea region. Poultry meat prices also rose, fueled by higher prices in Brazil and strong buying interest from African markets, alongside shipping route changes through the Red Sea.

“Dr. ElZubi to Cairo News: A compound ‘supply shock’ hit food markets.”

“Dr. ElZubi to Cairo News: A compound ‘supply shock’ hit food markets.”
“A compound ‘supply shock’ has struck global food markets and supply chains. This has resulted in a 20–35% increase in global food prices, alongside higher shipping and fertilizer costs, for an economy that is a net importer of food and energy. The current crisis is more a ‘flow disruption’ than a shortage of quantities, making its impact rapid and direct on prices and costs, especially in the short term. The dimension of food ‘availability’ remains secured through imports and strategic reserves, while the real challenge lies in ‘affordability,’ as prices have risen and household purchasing power has declined. Data indicates that around 12% of households suffer from moderate or severe food insecurity