Finance & economics | Commodities

Against expectations, global food prices have tumbled

Why the war in Ukraine has caused less disruption than feared

ISTANBUL, TURKEY - AUGUST 18: Piles of grain are seen on board the Osprey S vessel anchored in the Marmara sea during an inspection by representatives working with the joint inspection team on August 18, 2022 in Istanbul, Turkey. The Osprey S left the Ukrainian port of Chornomorsk on the 16th of August carrying 11,500 tons of grain destined for Turkey. Under the terms of last month's Black Sea Grain Initiative, which paved the way for Ukraine to safely ship grain from three key ports, vessels must be inspected by a team of officials from Turkey, Ukraine, Russia and the United Nations. (Photo by Chris McGrath/Getty Images)
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This article appeared in the Finance & economics section of the print edition under the headline “Against the grain”

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