WASHINGTON - President Joe Biden wants to put a spotlight on the spike in food prices from Russia's invasion of Ukraine when he travels to an Illinois farm to emphasize how U.S.
agricultural exports can relieve the financial pressures being felt worldwide.The war in Ukraine has disrupted the supply of that country's wheat to global markets, while also triggering higher costs for oil, natural gas and fertilizer.
The U.N. Food and Agriculture Organization said its food price index in April jumped nearly 30% from a year ago, though the index did decline slightly on a monthly basis.
Americans are also bearing some pain as food prices are up 9.4% from a year ago, the largest increase in 41 years.President Joe Biden speaks about inflation and the economy in the South Court Auditorium on the White House campus May 10, 2022 in Washington, DC. (Drew Angerer/Getty Images) The trip to Illinois on Wednesday is an opportunity for Biden to tackle two distinct challenges that are shaping his presidency.