Farmers Journal (Ireland) published an article stating that international food commodity prices have moderated and fallen to below pre-war levels. According to IFPRI these prices are still above historical averages and these prices reflect the impact of supply chain problems and nations rebounding from COVID-19. The crisis isn’t over. The analysis from IFPRI shows that at the beginning of 2022, countries had already seen an increase of up to 10 percent from 2020-2021. The Ukraine War has exacerbated the higher prices and made already tight global commodity markets even tighter.
(See the IFPRI tool, Food & Fertilizer Export Restrictions Tracker).