Global Food Prices Steady in August; FAO Forecasts Record Cereal Production Amid Rising Fertilizer Costs

Global food prices remained steady in August, according to the FAO Food Price Index, despite ongoing inflationary pressures and rising fertilizer costs. The FAO projected a record cereal production this year, driven by strong wheat and maize outputs in key producing countries. However, analysts warn that high fertilizer and energy prices could increase production costs and impact smallholder farmers’ profitability. The balance between stable food prices and escalating input costs highlights the fragile state of global food security and the need for policy measures to support sustainable agriculture.