The United Nations' Food and Agriculture Organization (FAO) forecasts a new record in global wheat production in 2021, expected to increase by 1.9% to 780 million tonnes, due to higher production in the European Union and other countries. However, despite potential weather challenges in Russia, the overall world cereal production is also expected to rise. In contrast, global food commodity prices have been on a consistent upward trend for the ninth month in a row, with significant increases seen in sugar and vegetable oils. The FAO Food Price Index in February was 2.4% higher than the previous month and 26.5% higher year-on-year, highlighting the ongoing challenges of global food price stability.