Food supplies to shrink for first time in four years amid El Niño threat – report

Listen to articleThe tightening supply comes as global grain prices recorded a nine per cent quarterly increase in the third quarter of 2026, with maize and wheat prices rising by eight per cent and 13 per cent, respectively.Global food supplies are set to decline for the first time in four years in the 2026–27 season, raising the risk of higher commodity prices as conflicts, adverse weather and rising demand tighten availability of key staples.