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Global Food Prices Reach Three-Year High Amid Rising Oil Costs

Global food prices have reached their highest level in over three years, reportedly due to increasing oil and energy costs.

  • Global food prices have hit their highest level in over three years.
  • Rising oil and energy costs are cited as the reason for the increase.
  • Transport and fertiliser are reported as key factors linking oil and gas to food production costs.

Global food prices have reached their highest level in over three years, with rising oil and energy costs reportedly a key factor. The oil and gas industry is described as being more integrated into food production than many realise.

Transport and fertiliser are cited as primary reasons for how oil and energy costs impact food prices. An analysis by Josh Toussaint-Strauss reportedly examines the production processes of meat, processed staples, and fruit and vegetables to understand this involvement.

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