Crop prices reach three-year peak amid heat wave and supply concerns

Global crop prices have climbed to their highest levels in three years, driven by extreme heat across Europe and supply chain disruptions. Scorching temperatures are raising concerns about potential crop losses in major agricultural regions.

The price surge is expected to affect essential commodities, with costs for staples like bread and cooking oil likely to increase. The combination of weather challenges and supply pressures continues to create headwinds for food affordability globally.