Trump's tariffs exacerbate uncertainty, global food prices rise to two-year high.
In April this year, global food prices rose to a two-year high, indicating that the uncertainty of tariffs is beginning to put pressure on trade.
In April of this year, global food prices reached a two-year high, indicating that the uncertainty of tariffs is beginning to put pressure on trade. The index tracking food commodity prices by the United Nations rose to 128.3, an increase of 1% compared to the previous month, reaching the highest level since March 2023. Although it will take some time for this impact to be felt in supermarkets, and the index is still far below the peak in 2022, this trend suggests that grocery prices may rise after a period of easing food inflation.
The Food and Agriculture Organization of the United Nations stated, "Exchange rate fluctuations have influenced price trends in the world market, and tariff policy adjustments have exacerbated market uncertainty." At the same time, the rise in prices of grains, meat, and dairy products has also pushed up the index.
Earlier this year, the tariff policy of US President Donald Trump and retaliatory measures from trading partners caused price fluctuations in the global market. Although Trump later suspended some tariffs for 90 days, the unpredictable policies in recent weeks have still left the global market in turmoil.
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