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供应冲击叠加,全球食品通胀预计将加剧Global food inflation is expected to intensify as supply shocks pile up

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资料图片:2026年10月1日,印度尼西亚雅加达一家超市里摆放着待售的5公斤装优质大米。据店主说,这种大米近几周已经变得紧俏。. 路透社/威利·库尔尼亚万/资料图片File Photo: 5-kilogram sacks of premium rice, which according to the shopkeeper, have become scarce in recent weeks, are displayed for sale at a supermarket in Jakarta, Indonesia, October 1, 2026. . REUTERS/Willy Kurniawan/File Photo

63岁的雅辛(Yasin)是雅加达中央区的一名停车场管理员,他说,由于物价上涨,主食已超出他的承受范围,他不得不减少用餐。

Yasin, a 63-year-old parking attendant in central Jakarta, says he has cut back on meals as rising prices have put food staples beyond his reach.

“我以前能花7000到8000印尼盾(0.39到0.44美元)买到大米、天贝和豆腐。现在要15000印尼盾,”雅辛说。他每周收入20万到30万印尼盾,话音未落,他正在看守停放摩托车的迷你超市旁。

"I used to be able to get rice, tempeh and tofu for 7,000 to 8,000 rupiah ($0.39 to $0.44). Now it's 15,000 rupiah," said Yasin, who earns 200,000 to 300,000 rupiah a week, beside the minimarket where he watches over parked motorcycles.

全球粮食通胀在未来几个月有望加速,并将持续至2027年,因为战争导致的航运中断和厄尔尼诺现象引发的干旱挤压了谷物供应,给像雅辛这样有四个孩子的弱势消费者带来了额外压力。

Global food inflation is poised to accelerate in the coming months and persist well into 2027, as war-related shipping disruptions and El Nino-driven drought squeeze cereal supplies, putting additional pressure on vulnerable consumers like Yasin, a father of four.

在印度尼西亚,大米价格已因预计降雨推迟而飙升至历史新高;埃及的面包成本上涨了四分之一;印度的糖价创下历史新高,因为超过十年来最弱的季风抑制了产量。

donesia, rice prices have already jumped to record highs amid forecasts of delayed rains, while the cost of bread in Egypt has risen by a quarter and sugar prices in India hit an all-time high as the weakest monsoon in over a decade curbed production.

“所有这些都给系统带来了相当大的压力,”联合国粮食及农业组织(FAO)首席经济学家马克西莫·托雷罗(Maximo Torero)表示。

"All this has put considerable pressure on the system," said Maximo Torero, chief economist at the United Nations' Food and Agriculture Organization (FAO).

“我们将在今年年底、明年初,甚至可能整个明年看到更大的影响。”随着中东、北非和亚洲低收入和中等收入国家的食品价格大幅上涨,世界上最贫困的消费者受到的打击最为严重,在这些国家,食品占家庭支出的比重较大。

"We will see a bigger impact towards the end of the year, at the beginning of next year and potentially throughout next year." The world's poorest consumers are being hit the hardest as food prices rise sharply in low- and middle-income countries across the Middle East, North Africa and Asia, where food accounts for a larger share of household spending.

据世界银行称,在其分析的150个国家中,有22%的国家在第三季度的食品价格涨幅超过了总体通胀率,而上一季度这一比例为14%。

According to the World Bank, food prices in the September quarter outpaced headline inflation in 22% of the 150 countries it analysed, up from 14% in the previous quarter.

联合国粮食及农业组织粮食价格指数(FAO Food Price Index)追踪一篮子国际交易商品的月度变化,9月平均为136点,创下2022年11月以来的最高读数。

The FAO Food Price Index, which tracks monthly changes in a basket of internationally traded commodities, averaged 136 points in September, the highest reading since November 2022.

价格上涨加剧了社会动荡的风险,并可能促使主要供应国实施出口禁令,进一步加剧短缺。

Rising prices heighten the risk of social unrest and could prompt governments that are key suppliers to impose export bans, further exacerbating shortages.

黑海粮食基础设施遭到袭击,扰乱了小麦运输,迫使主要进口国埃及和印度尼西亚寻求替代供应,而红海不安全局势则迫使船只绕行非洲,走更长、成本更高的航线。

Attacks on Black Sea grain infrastructure have disrupted wheat shipments, forcing top importers Egypt and Indonesia to seek alternative supplies, while Red Sea insecurity diverts vessels onto longer, costlier routes around Africa.

美以对伊朗的战争推高了燃油价格,并通过霍尔木兹海峡扰乱了肥料出口,导致农业成本上升,尽管厄尔尼诺干旱天气减少了印度和东南亚的产量。

The US-Israeli war on Iran has raised fuel prices and disrupted fertiliser exports through the Strait of Hormuz, driving up farming costs even as dry El Nino weather reduces output in India and Southeast Asia.

2026年小麦价格上涨超过30%,而主要亚洲出口国的大米价格在库存充足的情况下仍上涨了10%至13%。肥料价格虽较伊朗战争初期的峰值有所回落,但仍处于高位。

Wheat prices are up more than 30% in 2026, while rice prices in key Asian exporting countries have risen 10% to 13% in spite of large inventories. Fertiliser prices are off peaks reached earlier in the Iran war, but they remain elevated.

“通胀上升,尤其是食品通胀,是一种现实,”雀巢印度(NEST.NS)董事长兼总经理马尼什·蒂瓦里表示,他指出这是由于商品成本上升导致的“具有挑战性的环境”之一。

"Rising inflation, particularly food inflation, is a reality," said Manish Tiwary, chairman and managing director of Nestle India (NEST.NS), citing "a challenging environment" that is due in part to higher commodity costs.

在埃及,无补贴面包的价格从7月的4埃镑涨至大约5埃镑(0.093美元)一大条,而阿拉伯联合酋长国的食用油价格上涨了约40%。

In Egypt, prices of unsubsidised bread have risen to around 5 Egyptian pounds ($0.093) for a big loaf from 4 pounds in July, while the price of cooking oil has climbed about 40% in the United Arab Emirates.

尽管印度尼西亚是世界上最大的棕榈油生产国,但其植物油价格今年仍上涨了7%。

Vegetable oil in Indonesia has jumped 7% this year, even though the country is the world's biggest palm oil producer.

印度的糖、洋葱和豆类价格因产量不足,在9月较上月增长超过10%。

Prices of sugar, onions and pulses in India jumped more than 10% in September from a month earlier due to production shortfalls.

对于开罗市中心的面包师赛义德·阿卜杜勒·哈米德·穆罕默德来说,面粉价格只是问题的一部分。

For baker Sayed Abdel Hamid Mohamed in downtown Cairo, it is not just the price of flour.

“如果你雇佣一名熟练工人,成本会很高,”他说。“电力、水、酵母以及我们用来为消费者生产面包的材料,全部都涨价了。”该面包店的顾客塔雷克·阿扎布表示,价格在过去几年里一直在持续上涨,“不是一次、两次或三次”。

"If you bring in a skilled worker, it costs you a lot," he said. "Electricity, water, yeast and the materials we use to produce the loaf of bread for consumers have all risen." Tarek Azab, a customer at the bakery, said prices have been continuously rising, "not once, twice, or three times," in the past few years.

由于油价和战争溢价上升,一些关键全球航线(如黑海至东南亚)的运费上涨了约50%。

Freight rates have risen about 50% on some key global routes such as the Black Sea to Southeast Asia as oil prices and war premiums surge.

自2025年底以来,食品价格一直在上涨,而当地供应减少以及商品成本向消费者传导,可能会加速通胀。

While food prices have been rising since late 2025, dwindling local supplies and higher commodity costs feeding through to consumers threaten to accelerate inflation.

中东和非洲的主要进口国在当地丰收后推迟了采购,如今需要重返世界市场,可能引发需求激增。

Key importers in the Middle East and Africa that held off on buying after strong local harvests now need to return to the world's markets, potentially triggering a surge in demand.

“几个月后,随着进口商回归市场,可能会出现一股显著的新需求浪潮,”伦敦国际谷物理事会高级经济学家亚历山大·卡拉瓦采夫(Alexander Karavaytsev)表示。

"In a couple of months, there could be a significant new wave of demand as importers return to the market," said Alexander Karavaytsev, a senior economist at the International Grains Council in London.

粮农组织(FAO)的托雷罗(Torero)表示,创纪录的全球谷物库存提供的缓冲正在变得薄弱。

The cushion from record global grain inventories is wearing thin, the FAO's Torero said.

“以往季节的库存和丰收提供了缓冲,但这些缓冲开始承受压力,”他说。“这意味着商品价格上涨可能会更加明显。”通常按三到六个月合同采购原材料的食品加工商,现在正以更高价格续签这些合同,当地货币走弱进一步放大了成本。

"Stocks and good harvests in previous seasons have provided a buffer, but those buffers are starting to come under pressure," he said. "That means commodity price increases could become more pronounced." Food processors that typically buy raw materials on three- to six-month contracts are now renewing those deals at higher prices, with weaker local currencies magnifying the costs.

“运输成本也有所增加,折算成印尼盾时,受印尼货币贬值影响,冲击被放大,”印尼最大食品公司印太食品(PT Indofood)董事弗朗西斯库斯·韦里朗(Franciscus Welirang)表示。贸易商称,除了价格上涨,食品加工商还面临采购困难。

"Shipping costs have also increased and when converted into rupiah, the impact is amplified by the weakening of the Indonesian currency," said Franciscus Welirang, a director of PT Indofood, the country's largest food company. On top of higher prices, food processors are experiencing difficulties in securing supplies, traders said.

印尼多家面粉厂因俄乌战争导致货物到港减少,产能利用率下降,雅加达一家面粉厂的一位高级主管表示,该主管不愿具名,因为未获授权接受媒体采访。

Several wheat millers in Indonesia are running their units below capacity as the Russia-Ukraine war has reduced cargo arrivals, said a senior executive at a flour milling company in Jakarta who did not want to be named as they were not authorised to speak to the media.

克尔数据(Kpler)显示,印尼9月小麦到货量较去年同期下降41%,至49.1万吨。

Indonesian wheat arrivals dropped 41% to 491,000 metric tons in September from a year earlier, Kpler data showed.

目前,大豆和玉米库存充足,未来供应取决于美国和南美的产量,尽管油价上涨因这两种作物在生物燃料中的使用日益增加而支撑了价格。

For now, soybean and corn inventories are ample, with future supplies hinging on production in the US and South America, although higher oil prices have supported both crops because of their growing use in biofuels.

IGC的卡拉瓦伊采夫表示,预计南半球小麦收成将会丰收,澳大利亚和阿根廷等出口国的产量若出现下行风险,可能为价格带来新的看涨因素。“价格存在显著的上行风险,”他说。

Favourable southern hemisphere wheat harvests are expected and any downside risk to output in exporters like Australia and Argentina could add a new bullish element to prices, the IGC's Karavaytsev said. "There is significant upside risk in prices," he said.

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