The IMF predicts a significant jump in food prices.

The International Monetary Fund (IMF) has warned of the likelihood of another surge in global food prices. This conclusion was made by experts in the October review of the global economy, published on the Fund's portal. Among the reasons cited are the tension in trade relations between the United States and China, which could lead to new export restrictions, as well as the risk of droughts or floods in key food production regions. The Fund suggests that these reasons could reverse the existing trend of declining global food prices. From March to August of this year, the IMF's food and beverage price index lost 4.8%. Grains have become cheaper by 11.1%, due to high forecasts and harvests in the United States and South America. Record harvests in Brazil and the United States collapsed corn prices by 11.9%. According to the United Nations, global food prices fell in September compared to August. Prices for different groups of goods moved in different ...