
No.1 June 2006

	Food Outlook
	Global Market Analysis

OILSEEDS, OILS AND OILMEALS

SUGAR

MEAT AND MEAT PRODUCTS

MILK AND MILK PRODUCTS

SHORT-TERM FORECASTS FOR COMMODITY MARKETS: LINKING MARKET DEVELOPMENTS

THE RISE IN CRUDE OIL PRICES STIMULATES ETHANOL-RELATED DEMAND FOR AGRICULTURAL COMMODITIES

MEDIUM-TERM PERSPECTIVE: AFRICA TO IMPORT MORE FOOD

FERTILIZERS

OCEAN FREIGHT RATES

Statistical appendix

Market indicators and food import bills

Announcement

Market indicators and food import bills

Forecast import bills of total food and major foodstuffs (US$ million)

	World		Developing		LDC		LIFDC		NFIDC
	2005	2006	2005	2006	2005	2006	2005	2006	2005	2006
TOTAL FOOD	379 410	388 053	115 448	119 557	8 506	9 070	56 352	60 192	14 002	14 653
Wheat	24 233	25 435	15 924	16 864	2 439	2 189	9 687	9 674	3 025	3 145
Coarse Grains	17 566	18 645	9 134	9 650	348	324	2 885	2 944	1 568	1 633
Rice	8 918	9 017	6 116	6 134	1 231	1 250	3 309	3 359	614	625
Vegetable Oils	69 092	71 122	34 405	35 428	1 957	1 973	21 386	21 820	3 738	3 824
Dairy	40 850	40 145	11 032	10 889	716	704	4 124	4 141	1 238	1 223
Meat	65 005	64 111	10 792	10 907	562	566	3 670	3 786	947	1 000
Sugar	13 844	18 131	5 729	7 503	859	1 125	3 630	4 754	830	1 087
Other	139 902	141 447	22 316	22 183	394	938	7 660	9 714	2 042	2 117

Should the current forecasts for food trade, aid and prices for 2006 materialize, the economically vulnerable and food deficit regions could face more elevated import bills this year than last. Import bills for LDCs and LIFDCs are both forecast to rise by approximately 7 percent, much higher than the global average.



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