Rebound in global food prices to add to grocery costs

Markets brace for trade war under Trump administration

A United Nations index tracking raw commodity costs of food ended the year up almost 7%, the first annual gain in three years. 

A rebound in global food prices is threatening to add to consumers’ grocery costs this year, just as the agricultural world braces for potential trade disruptions.

A United Nations index tracking raw commodity costs of food ended the year up almost 7%, the first annual gain in three years. While it takes time to filter through to supermarkets and the gauge remains well below a 2022 peak, it could put a fresh squeeze on shoppers hit by broader inflationary pressures in recent years.