No.1††June†2006††
 Food Outlook
  Global Market Analysis

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MARKET SUMMARIES

WHEAT

COARSE GRAINS

RICE

CASSAVA

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

food outlook

food outlook

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

World Developing LDC LIFDC NFIDC
2005200620052006200520062005200620052006
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.

food outlook

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GIEWS††global information and early warning system on food and agriculture