The Factors Affecting Global Food Prices - most expensive restaurant dishes in the world

Crude oil is the most traded commodity in the world.
However, in addition to supply and demand, many factors affect oil prices every day.
Similar to the example of crude oil, food prices are affected by complex factors.
In the past, food prices were only determined by supply and demand variables, and today many factors have played a role.
The following figure shows some of the factors that affect global food prices and their impact: click to enlarge: Source: One of the main factors affecting food prices in Nomura's global economy is oil prices.
As oil prices have soared in recent months, food prices have risen.
The following chart in a log article confirms this trend :(
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As can be seen from the article: Another factor affecting global food prices is the increase in food speculation.
A cfr 2009 article on food prices :(
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Rising food prices could also affect fragile economic recovery.
Consumers struggle on two fronts
One is the surge in fuel prices and the other is the rise in food prices --
They may cut spending on other goods and services.
This is a recent article on the US currency website. K.
Note this: Overall, the risk of the global economy falling into recession again is high if oil prices do not fall.