The cabinet’s Information and Decision Support Center said global food prices rose by 2.4% in March 2026, driven by geopolitical tensions in the Middle East that affected production costs and supply chains.
In a new report, the center said the increase was linked to higher energy and fertilizer costs, along with rising expenses for food transport and processing, which continue to push global prices upward.
It warned that higher fuel prices could lead to a rise in severe food insecurity in the coming months, noting expectations of a 15–20% increase in fertilizer prices during the first half of 2026 if tensions persist.
The report said low-income groups are the most affected, as they spend a much larger share of their income on food compared to higher-income households.
It added that sugar recorded the highest increase at 7%, followed by vegetable oils at 5%, wheat at 4.3%, dairy products at 1.2%, and meat at 1%.
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