“A further spike in world food prices could prolong the challenges of food insecurity across developing countries. “Since the outbreak of the war in Ukraine, energy prices have been quite volatile but are now expected to decline. Energy markets face significant supply concerns as worries about the availability of energy during the upcoming winter will intensify in Europe. Higher-than-expected energy prices could feed through to non-energy prices, especially food, prolonging challenges associated with food insecurity. Second, additional increases in energy prices could exert upward pressure on grain and edible oil prices.
