The Food and Agriculture Organization's food price index has risen for the third consecutive month.

On May 8 local time, the latest data released by the Food and Agriculture Organization of the United Nations showed that world food commodity prices rose for the third consecutive month in April due to rising energy costs and market disruptions caused by conflicts in the Middle East. The Food and Agriculture Organization Food Price Index averaged 130.7 points in April, up 1.6% from the revised level in March and 2.0% higher year-on-year. The Food and Agriculture Organization Cereal Price Index rose by 0.8% from March and 0.4% year-on-year. World wheat prices rose by 0.8% month-on-month. Due to high energy costs and market disruptions caused by the actual closure of the Hormuz Strait, fertilizer prices remained high, causing farmers to switch to crops with lower fertilizer demand. It is expected that the planting area of wheat will decrease by 2026, further pushing up the price of wheat. Maximo Torero, Chief Economist of the Food and Agriculture Organization, said, "Despite the market disruptions caused by the crisis in the Hormuz Strait, the global agricultural food system still shows resilience. Thanks to relatively ample stocks and adequate supplies in the previous season, grain prices have only moderately risen so far. In contrast, vegetable oil prices have risen more strongly. Driven by rising crude oil prices, the demand for biofuels has increased, putting additional pressure on the vegetable oil market."