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After peaking in early 2022 following the Russian invasion of Ukraine, wheat prices have fallen over most of the past four years. This year’s U.S.-Israeli attacks on Iran and subsequent closure of the Strait of Hormuz sent energy and fertilizer prices soaring but had a relatively small impact on grain prices—grain exports were relatively unaffected, and fertilizer impacts are not likely to affect grain production for several months.But now, wheat prices are on the rise again.

Three consecutive years of progress in reducing global hunger demonstrate that hunger is not inevitable, the Director-General of the Food and Agriculture Organization of the United Nations (FAO), QU Dongyu, said Tuesday at the launch of the 2026 edition of The State of Food Security and Nutrition in the World (SOFI) report.According to the SOFI report, an estimated 645 million people (7.8 percent of the global population) faced hunger in 2025. This represents nearly 14 million fewer people than in 2024 and 43 million fewer than at the 2022 peak.Food insecurity also improved substantially.

The Gaza Strip has seen some gains in food security and nutrition security since the October 2025 ceasefire was declared, thanks mostly to scaled-up humanitarian efforts. However, aid levels have fallen again since February, and the number of people in acute food insecurity is on the rise again, according to a new IPC alert.   Since October 2025, in-kind food aid and cash assistance have reached millions of people throughout the Gaza Strip. In addition, commercial imports have resumed, although they remain below the levels seen before the conflict broke out.

South Asia's food economy is one of the largest in the world. Worth more than $700 billion annually, it employs hundreds of millions of people and feeds nearly a quarter of humanity.Yet much of its economic potential never reaches the market.Every year, more than 30 percent of food produced in the region is lost  before it reaches consumers. At the same time, much of what does make it to market generates little value beyond the farm gate.

The FAO Food Price Index remained generally stable in June, with rising vegetable oil prices balanced out in large part by declines in cereal prices. The Index was 1.7 percent higher than in June 2025 but still nearly 20 percent below its March 2022 record. The Cereal Price Index fell by 3.5 percent in June but remained nearly 3 percent above its June 2026 level.