Wheat export constraints and fuel-import costs affect deliverable supplies and purchasing capacity. FAO’s 2026/27 trade figures are forecasts.
FAO’s 6 November update forecasts 2026 cereal production of 2.999 billion tonnes and 2026/27 trade of 507.7 million tonnes, down 3.3%. An 8.6% decline in wheat trade is the main driver.
Original source ↗FAO’s 6 November release puts the October Food Price Index at 133.9, down 1.2% from revised September but 5.9% above a year earlier. Sugar rose 6.6% month on month.
Original source ↗UNCTAD figures presented on 4 November show diesel rising about 83% in Nigeria versus 9% in Ireland from late February to late August. Taxes, subsidies and exchange rates shape the difference.
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