Global prices for food raw materials are expected to increase by 10.3% in 2026 and by another 7.2% in 2027. This forecast was presented by the World Bank in the October edition of the Commodity Markets Outlook report.
As reported by "Agroexport," the report's estimates reflect geopolitical instability in the Middle East and Eastern Europe, as well as structural trade issues.
According to the forecast, prices for cereal crops will rise by 14.1% in 2026 and by another 9.3% in 2027. A sharp increase is especially expected in the wheat market.
A significant price increase is also expected for oilseed crops and their processed products. Specifically, soybean meal prices may rise by 17.5% in 2026 and by 9.5% in 2027. Soybean oil prices may increase by 39% and 11.4% respectively in the same years.
