UN Agriculture Fund Warns of Looming Global Food Crisis

06:31 PM EDT, 10/16/2026 (MT Newswires) -- Rising energy and fertilizer costs are driving up agricultural production expenses and food prices, raising concerns about a global food crisis, AFP reported Friday. Global agricultural prices rose 13% in Q3, according to the International Fund for Agricultural Development. Smallholder farmers, who account for one-third of global food production, are particularly vulnerable to higher fertilizer and fuel costs, IFAD said. G7 nations pledged $2.5 billion to help countries at risk of food insecurity, with a focus on fertilizers.