Grain prices spiked 2.5 points in August from the previous month, partly due to "continued uncertainty surrounding Black Sea export flows," the U.N.'s Food and Agriculture Organization reported.

World food prices rose in August to their highest since late 2022, impacted partly by the war on Iran, the United Nations' Food and Agriculture Organisation (FAO) said on Friday.

Global food prices reached their highest point since late 2022. Adverse weather and war disruptions are increasing concerns over staple supplies. Extreme heat and drought in…