• Freshly-baked loaves of bread and pizzas sit for sale inside the store of a bakery in Rome on March 9. Wheat futures have swung wildly as Russia's attack on Ukraine disrupts global food supplies. | BLOOMBERG
    Freshly-baked loaves of bread and pizzas sit for sale inside the store of a bakery in Rome on March 9. Wheat futures have swung wildly as Russia's attack on Ukraine disrupts global food supplies. | BLOOMBERG
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LONDON – Food prices around the world have soared to record levels this year as the Russia-Ukraine war slashes key exports of wheat and fertilizer from those countries at the same time as droughts, floods and heat fueled by climate change destroy more harvests.

Wheat prices hit a 14-year peak in March, and maize prices reached the highest ever recorded, the International Panel of Experts on Sustainable Food Systems (IPES) said in a report released on Friday.

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