General · 12 July 2026
Extreme El Niño could raise global food prices until 2028
Economists have issued warnings about potentially significant disturbances to global food prices, with effects that could endure until 2028, due to the current "super" El Niño weather pattern. The extreme weather event, which fuels heatwaves and flooding, could add to existing pressures from the Iran war and soaring living costs. Experts at Goldman Sachs foresee a 15.8% rise in the cost of food commodities worldwide, with the full extent of the consequences predicted to be felt through late 2028.
Reported by Guardian · How we write briefs