Global food price crisis looms as Iran war and El Niño threaten supplies, World Bank warns

World Bank warns of sharp increases in global commodity prices as wars and extreme weather threaten food and energy supplies.

IOL News

October 31, 2026South Africa

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The World Bank forecasts a 23% surge in global commodity prices in 2026, with energy costs rising 32% and food prices climbing amid the Iran war and El Niño weather risks.

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Length: 31 words · 1 min read
Published: October 31, 2026
Source: IOL

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