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Agriculture Trapped in a Triple Crisis: War, Climate Change, and Inflation

By Vikas Parashram Meshram

The scorching flames of the Middle East conflict are now slowly reaching the kitchens of ordinary people. The true price of this conflict is paid in daily markets, vegetable shops, and in the shattered minds of farmers. Expensive crude oil, skyrocketing fertilizer prices, and rising agricultural costs are together creating the ground for global food inflation  and this crisis is directly tied to what people eat and drink every day.

The United Nations Food and Agriculture Organization (FAO) has issued an important warning in its latest report. The Global Food Price Index rose for the second consecutive month, reaching 128.5 points in March 2026 a full 2.4 percent higher than February. Compared to a year ago, this figure is more than one percent higher. Although it is still about 20 percent below the record levels of March 2022, the renewed upward trajectory is concerning. Because markets behave like a pendulum once they gain momentum, it becomes difficult to stop. If we trace the roots of this rise, the answer is found in one place: crude oil. The conflict in the Middle East has brought instability to energy markets. As the clouds of war darken, crude oil becomes expensive, and when oil becomes expensive, an invisible wave runs through the entire economy. Running tractors becomes expensive, producing fertilizers becomes expensive, transporting goods becomes expensive. Agriculture is the one thing whose costs rise from multiple directions simultaneously  and yet the price a farmer receives remains dependent on the whims of the market. When farming costs rise, the burden ultimately falls on the consumer’s plate  this is as simple a truth as elementary school economics.

The first commodity to absorb the shock in this chain is wheat. Wheat prices globally rose 4.3 percent in March. In the United States, drought dashed crop expectations, while in Australia; farmers are considering reducing sowing due to expensive fertilizers.

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