Washington, United States, Oct 28, 2026 (AFP) - World Bank warns of worsening food insecurity as commodity prices soar

NAMPA / AFP

2026-10-28

The World Bank on Wednesday warned that global commodity prices were set to increase by 23 percent by the end of 2026, with energy prices at four-year highs due to the war on Iran and food prices driven up by global conflicts and El Nino. "Commodity markets are being hit by several major shocks at once," said Ayhan Kose, the World Bank's deputy chief economist, in a statement accompanying the release of the organization's Commodity Markets Outloo......

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