No.2  December 2006  
 Food Outlook
  Global Market Analysis

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OVERVIEW

MARKET SUMMARIES

WHEAT

COARSE GRAINS

RICE

OILSEEDS, OILS AND OILMEALS

SUGAR

MEAT AND MEAT PRODUCTS

MILK AND MILK PRODUCTS

FERTILIZERS

OCEAN FREIGHT RATES

Special features
Statistical appendix

 Table A1 - WHEAT STATISTICS (million tonnes)

 TABLE A2 - COARSE GRAIN STATISTICS (million tonnes)

TABLE A3 - MAIZE STATISTICS (million tonnes)

TABLE A4 - BARLEY STATISTICS (million tonnes)

TABLE A5 - SORGHUM STATISTICS (million tonnes)

TABLE A6 - OTHER COARSE GRAIN STATISTICS - Millet, Rye, Oats and Other Grains (million tonnes)

Table A7 - RICE STATISTICS (million tonnes, milled basis)

TABLE A8 - CEREAL SUPPLY AND UTILIZATION IN MAIN EXPORTING COUNTRIES

TABLE A9 – TOTAL OILCROP STATISTICS (million tonnes)

TABLE A10 – TOTAL OILS AND FATS STATISTICS (million tonnes)

TABLE A11 – TOTAL MEALS AND CAKES STATISTICS (million tonnes)

Table A12 – BOVINE MEAT STATISTICS (million tonnes, carcass weight equivalent)

Table A13 – OVINE MEAT STATISTICS (million tonnes, carcass weight equivalent)

Table A14 – PIG MEAT STATISTICS (million tonnes, carcass weight equivalent)

Table A15 – POULTRY MEAT STATISTICS (million tonnes, carcass weight equivalent)

Table A16 – TOTAL MEAT STATISTICS (million tonnes, carcass weight equivalent)

Table A17 – MILK AND MILK PRODUCT STATISTICS (million tonnes, milk equivalent)

Table A18 – SUGAR STATISTICS (million tonnes)

TABLE A19 - SELECTED INTERNATIONAL PRICES OF WHEAT AND COARSE GRAINS

TABLE A20 - WHEAT AND MAIZE FUTURES PRICES
( US$/tonne)

TABLE A21 - SELECTED INTERNATIONAL PRICES FOR RICE AND PRICE INDICES

TABLE A22 - SELECTED INTERNATIONAL PRICES FOR OILCROP PRODUCTS AND PRICE   INDICES

TABLE A23 -  SELECTED INTERNATIONAL PRICES FOR MILK PRODUCTS AND DAIRY PRICE  INDEX

TABLE A24 - SELECTED INTERNATIONAL MEAT PRICES

TABLE A25 – SELECTED INTERNATIONAL MEAT PRICES AND FAO MEAT PRICE INDICES

TABLE A26 – SELECTED INTERNATIONAL COMMODITY PRICES

TABLE A27 - OCEAN FREIGHT RATES FOR WHEAT (US$/tonne)

TABLE A 28 - FERTILIZER SPOT PRICE RANGES (bulk f.o.b., US US$/tonne)

 Statistical Notes

Market indicators and food import bills

Announcement

Statistical appendix

Table A1 - WHEAT STATISTICS (million tonnes)

  Production Imports Exports Total Utilization Stocks ending in
  2005 2006 2005/06 2006/07 2005/06 2006/07 2005/06 2006/07 2006 2007
  estim. f’cast estim. f’cast estim. f’cast estim. f’cast estim. f’cast
ASIA 263.2 270.8 45.0 47.8 10.0 12.3 304.5 306.2 84.1 84.2
Bangladesh1.11.02.32.4--3.53.50.30.2
China97.4103.02.82.10.51.4103.6103.646.346.5
of which Taiwan Province--1.21.1--1.11.10.40.4
India68.669.50.56.50.70.372.173.712.514.5
Indonesia--4.84.8--4.74.81.71.7
Iran, Islamic Republic of14.514.51.20.9--15.315.42.42.4
Iraq1.61.64.63.00.10.15.05.12.62.1
Japan0.90.95.35.30.40.45.95.90.70.6
Kazakhstan11.513.1--3.65.08.08.23.53.5
Korea, Republic of--3.83.50.10.13.73.50.30.4
Pakistan21.622.00.90.40.10.521.321.72.42.6
Philippines--2.92.8--2.92.80.30.3
Saudi Arabia2.42.40.10.1--2.52.60.80.6
Thailand--1.21.2--1.11.20.30.2
Turkey20.520.50.20.62.42.019.719.50.90.5
AFRICA 21.0 24.9 31.5 26.9 0.8 0.9 50.5 51.4 14.8 14.6
Algeria2.42.75.74.6--7.37.53.63.7
Egypt8.28.37.67.0--14.815.43.02.9
Ethiopia2.42.50.40.3--2.82.80.20.2
Morocco3.06.32.81.00.20.46.46.92.32.4
Nigeria0.10.13.83.50.20.13.73.50.60.6
South Africa1.92.21.11.10.10.22.92.90.50.7
Tunisia1.61.31.11.10.10.12.52.51.00.8
CENTRAL AMERICA 3.0 3.2 7.3 7.3 0.5 0.6 9.8 9.9 1.1 1.1
Cuba--0.91.0--0.91.0--
Mexico3.03.23.53.50.40.56.16.20.70.7
SOUTH AMERICA 20.7 18.7 11.9 14.0 8.6 9.0 24.8 24.6 2.5 1.7
Argentina12.613.5--7.58.75.55.30.50.3
Brazil4.72.35.67.80.8-10.510.40.80.4
Chile1.91.40.80.8--2.32.30.20.1
Colombia--1.31.3--1.31.30.10.1
Peru 0.20.21.71.6--1.81.80.30.3
Venezuela--1.61.6--1.51.60.20.2
NORTH AMERICA 84.1 75.6 1.8 2.6 42.6 46.5 40.2 39.6 25.3 18.5
Canada26.826.3--15.520.59.28.79.77.3
United States of America57.349.31.82.627.126.031.030.915.511.2
EUROPE 207.2 188.7 11.2 10.8 32.5 27.2 186.9 182.9 34.4 23.5
Bulgaria3.53.2--0.80.82.62.60.50.3
European Union 123.6117.67.67.014.115.5119.6116.220.012.5
Romania7.35.30.20.30.50.66.56.22.71.5
Russian Federation Hungary47.743.11.21.010.36.938.637.77.06.5
Ukraine18.713.80.10.16.53.111.212.02.61.5
OCEANIA 25.4 9.9 0.6 0.6 15.1 13.5 6.4 7.1 12.5 3.4
Australia25.19.5--15.113.55.56.112.33.2
WORLD 624.5 591.8 109.3 110.0 110.1 110.0 623.2 621.7 174.7 147.0
Developing countries281.5289.585.586.415.416.7357.4360.394.093.5
Developed countries342.9302.223.823.794.793.2265.8261.480.753.5
LIFDCs229.2239.049.649.73.14.5280.8283.583.884.7
LDCs10.19.110.910.60.10.120.920.73.92.9
NFIDCs35.038.520.717.60.51.153.655.210.810.7

TABLE A2 - COARSE GRAINS STATISTICS (million tonnes)

  Production Imports Exports Total Utilization Stocks ending in
  2005 2006 2005/06 2006/07 2005/06 2006/07 2005/06 2006/07 2006 2007
  estim. f’cast estim. f’cast estim. f’cast estim. f’cast estim. f’cast
ASIA 246.6 249.7 57.7 57.1 8.0 4.9 294.9 301.1 68.3 69.2
China150.4153.07.57.66.03.0150.7155.649.251.0
of which Taiwan Province0.10.15.05.2--5.15.10.90.9
India34.634.30.20.10.30.334.434.11.61.5
Indonesia12.512.10.51.00.10.112.712.81.01.3
Iran, Islamic Republic of4.45.23.32.9--7.78.10.30.3
Japan0.20.219.819.6--20.220.22.52.1
Korea, D.P.R.2.22.1-0.1--2.22.20.20.2
Korea, Republic of0.40.49.39.2--9.49.51.51.6
Malaysia0.10.12.42.4--2.52.50.30.3
Pakistan3.83.8----3.53.80.60.7
Philippines5.36.10.40.10.10.15.55.80.50.7
Saudi Arabia0.40.47.97.3--8.38.22.92.4
Thailand3.74.00.20.10.20.23.73.90.10.1
Turkey13.412.50.10.20.30.113.713.13.73.3
Viet Nam3.83.80.10.1--3.63.80.70.8
AFRICA 97.8 97.8 15.9 14.9 4.2 3.5 107.5 110.0 13.1 12.5
Algeria1.11.42.22.2--3.33.40.91.0
Egypt8.78.04.45.0--13.013.20.60.4
Ethiopia9.39.30.1-0.20.18.69.00.91.1
Kenya3.03.10.40.7--3.63.70.20.2
Morocco1.32.72.01.6--4.14.30.70.6
Nigeria22.424.10.10.10.20.222.023.60.40.8
South Africa12.37.00.70.71.90.910.59.03.51.6
Sudan5.04.80.20.20.20.34.64.60.91.1
Tanzania4.34.30.20.10.40.43.83.91.51.6
CENTRAL AMERICA 30.2 32.8 14.2 14.0 0.1 0.1 45.8 47.2 3.5 3.2
Mexico26.228.89.69.5--37.438.62.82.5
SOUTH AMERICA 72.9 73.6 7.4 7.6 13.7 13.7 66.3 66.5 5.4 4.9
Argentina24.518.1--11.910.58.88.01.81.0
Brazil37.544.30.70.91.22.641.241.61.82.1
Chile2.02.01.31.2--2.93.10.20.2
Colombia1.71.53.03.3--4.44.50.40.4
Peru 1.51.51.51.4--2.82.90.60.6
Venezuela2.52.60.30.3--2.92.90.20.1
NORTH AMERICA 325.4 308.9 3.8 5.7 61.0 64.7 267.5 278.6 61.4 31.5
Canada26.323.41.83.34.13.822.823.76.54.1
United States of America299.1285.52.12.456.960.9244.7255.054.927.4
EUROPE 214.4 210.2 5.4 5.6 14.2 14.5 207.8 206.0 33.4 28.7
European Union 134.3130.33.43.43.93.9135.3133.323.319.8
Romania11.59.90.10.10.70.711.510.12.31.4
Russian Federation Hungary28.329.50.60.81.82.326.928.22.32.0
Ukraine18.620.30.10.16.66.312.613.92.32.6
Yugoslavia Fed. Rep.7.56.2--0.30.37.16.21.10.8
OCEANIA 15.0 8.3 0.1 0.1 5.1 3.4 8.7 8.1 3.8 1.3
Australia14.57.7--5.13.48.17.43.71.2
WORLD 1002.3 981.2 104.6 105.0 106.4 105.0 998.7 1017.4 189.0 151.2
Developing countries430.8441.973.271.523.821.0478.2489.483.785.3
Developed countries571.5539.331.433.482.583.9520.5528.0105.365.9
LIFDCs309.0316.123.422.99.26.5320.0329.264.968.1
LDCs49.251.02.72.32.32.647.649.56.57.5
NFIDCs23.123.913.714.00.10.137.238.03.83.5

TABLE A3 - MAIZE STATISTICS (million tonnes)

  Production Imports Exports Total Utilization Stocks ending in
  2005 2006 2005/06 2006/07 2005/06 2006/07 2005/06 2006/07 2006 2007
  estim. f’cast estim. f’cast estim. f’cast estim. f’cast estim. f’cast
ASIA 195.8 198.6 42.0 42.5 7.2 4.3 228.8 234.8 57.2 59.3
China139.4142.05.05.65.93.0137.5142.547.349.3
of which Taiwan Province--4.85.0--4.94.90.90.9
India14.914.50.10.10.30.314.614.41.31.2
Indonesia12.512.10.51.00.10.112.712.81.01.3
Iran, Islamic Republic of1.51.72.22.0--3.73.80.20.1
Japan--16.616.4--16.716.71.61.3
Korea, D.P.R.2.11.9-0.1--2.12.00.20.2
Korea, Republic of0.10.19.19.0--8.99.11.41.5
Malaysia0.10.12.42.4--2.52.50.30.3
Pakistan3.33.3----3.03.20.60.7
Philippines5.36.10.30.10.10.15.45.80.50.7
Thailand3.43.70.20.10.20.23.43.60.10.1
Turkey3.73.20.10.10.1-3.93.40.40.3
Viet Nam3.83.80.10.1--3.63.80.70.8
AFRICA 49.0 46.1 13.2 12.7 3.5 2.7 57.9 57.4 7.7 6.8
Algeria--2.02.1--2.02.10.20.2
Egypt7.76.84.45.0--12.012.00.60.4
Ethiopia2.93.00.1-0.10.12.82.90.20.2
Kenya2.82.90.40.7--3.43.50.10.2
Morocco0.10.11.41.3--1.51.50.30.2
Nigeria6.06.40.10.10.10.15.96.00.10.5
South Africa11.76.60.60.61.90.99.98.43.21.4
Tanzania3.33.40.20.10.40.42.92.91.11.2
CENTRAL AMERICA 23.3 25.5 10.5 10.7 0.1 0.1 34.6 36.1 2.9 2.8
Mexico19.822.05.96.2--26.728.12.12.1
SOUTH AMERICA 64.4 65.3 6.6 6.7 13.0 13.1 57.6 57.6 4.5 4.3
Argentina20.514.5--11.310.05.54.61.30.7
Brazil35.142.10.50.51.22.638.339.01.52.0
Chile1.51.41.31.2--2.42.40.20.1
Colombia1.41.32.83.0--3.94.00.40.4
Peru 1.21.21.41.3--2.52.60.60.6
Venezuela2.12.10.20.3--2.52.40.20.1
NORTH AMERICA 291.7 281.2 2.0 3.4 51.5 56.2 242.4 254.9 52.1 25.2
Canada9.58.81.73.20.30.210.911.82.01.4
United States of America282.3272.40.30.251.256.0231.6243.150.123.8
EUROPE 85.1 77.0 4.0 3.9 4.1 3.6 84.6 78.8 13.0 11.6
European Union 50.946.42.92.80.10.252.949.27.27.0
Romania9.98.7--0.50.610.08.82.01.3
Russian Federation Hungary3.23.30.30.30.10.23.43.50.80.8
Ukraine7.26.0--2.61.84.54.40.70.5
Yugoslavia Fed. Rep.7.15.7--0.30.36.65.71.00.7
OCEANIA 0.6 0.6 - - - - 0.6 0.6 - -
WORLD 710.0 694.2 78.3 80.0 79.5 80.0 706.6 720.1 137.4 109.8
Developing countries319.3327.154.054.522.019.3349.6357.967.370.2
Developed countries390.7367.124.325.557.560.7357.0362.270.139.6
LIFDCs222.8227.318.518.98.15.4231.3237.857.160.2
LDCs21.523.32.11.81.61.921.822.73.33.9
NFIDCs18.818.111.812.50.10.130.230.62.82.7

TABLE A4 - BARLEY STATISTICS (million tonnes)

  Production Imports Exports Total Utilization Stocks ending in
  2005 2006 2005/06 2006/07 2005/06 2006/07 2005/06 2006/07 2006 2007
  estim. f’cast estim. f’cast estim. f’cast estim. f’cast estim. f’cast
ASIA 21.8 22.1 13.2 12.3 0.6 0.6 34.6 35.0 9.7 8.6
China3.43.42.21.9--5.55.41.21.1
India1.21.3----1.21.3--
Iran, Islamic Republic of 2.93.51.10.9--4.04.30.10.2
Iraq0.80.80.20.20.10.10.90.90.10.1
Japan0.20.21.41.4--1.61.70.70.6
Kazakhstan1.51.8--0.20.31.31.60.50.5
Saudi Arabia0.10.16.45.8--6.56.42.82.3
Syria0.80.70.60.70.10.11.41.40.80.6
Turkey9.28.8-0.10.20.19.29.13.22.9
AFRICA 4.7 6.3 2.0 1.5 - - 7.4 7.7 1.8 1.9
Algeria1.11.30.20.1--1.31.20.70.8
Ethiopia1.51.5----1.41.50.30.3
Libya0.10.10.60.6--0.60.6--
Morocco1.12.50.60.3--2.62.80.40.4
CENTRAL AMERICA 0.8 0.9 0.3 0.2 - - 1.2 1.1 0.2 0.2
Mexico0.80.90.30.2--1.21.10.20.2
SOUTH AMERICA 1.7 1.8 0.6 0.6 0.4 0.3 2.0 2.2 0.3 0.3
Argentina0.80.8--0.30.20.60.60.20.2
NORTH AMERICA 17.1 13.9 0.1 0.3 2.8 2.0 14.2 13.7 5.6 3.5
Canada12.510.0--2.21.59.79.43.31.6
United States of America4.63.90.10.30.60.54.54.22.41.9
EUROPE 83.0 90.1 0.8 1.0 9.3 10.1 76.6 82.2 12.0 10.7
Belarus1.81.8-0.1--1.81.90.20.2
Bulgaria0.70.5--0.30.20.60.40.10.1
European Union 52.855.60.30.43.23.051.654.69.47.8
Romania1.20.8-0.10.20.11.10.90.30.1
Russian Federation15.817.50.20.21.72.214.315.70.90.8
Ukraine9.012.00.10.13.94.55.47.00.91.5
OCEANIA 10.2 3.9 - - 4.4 3.0 4.0 4.1 3.4 0.9
Australia9.93.6--4.43.03.73.73.40.9
WORLD 139.3 139.1 17.1 16.0 17.5 16.0 140.1 146.0 33.0 26.0
Developing countries26.428.214.212.60.80.640.841.210.69.6
Developed countries112.9110.92.93.316.715.499.2104.722.416.4
LIFDCs12.213.63.73.20.20.216.416.83.12.9
LDCs1.91.8----1.81.80.30.4
NFIDCs2.13.51.71.4--4.75.00.80.7

TABLE A5 - SORGHUM STATISTICS (million tonnes)

  Production Imports Exports Total Utilization Stocks ending in
  2005 2006 2005/06 2006/07 2005/06 2006/07 2005/06 2006/07 2006 2007
  estim. f’cast estim. f’cast estim. f’cast estim. f’cast estim. f’cast
ASIA 11.2 11.1 1.6 1.6 - - 12.7 12.6 0.6 0.6
China2.62.50.10.1--2.62.50.20.2
India7.67.6----7.67.60.20.2
Japan--1.41.4--1.41.30.10.2
AFRICA 24.4 24.9 0.7 0.6 0.6 0.6 23.7 25.0 2.1 2.1
Burkina Faso1.61.6--0.10.11.51.50.10.1
Ethiopia2.12.0--0.1-1.92.00.20.3
Nigeria9.29.9--0.10.19.19.80.10.1
Sudan4.34.10.20.20.20.33.93.90.60.6
CENTRAL AMERICA 6.0 6.3 3.2 3.0 - - 9.8 9.8 0.5 0.3
Mexico5.65.83.23.0--9.29.20.50.3
SOUTH AMERICA 5.4 4.9 0.2 0.2 0.3 0.3 5.3 5.1 0.5 0.3
Argentina2.92.3--0.30.32.42.30.30.1
Brazil1.51.50.10.1--1.81.70.20.1
Venezuela0.40.50.1---0.50.5--
NORTH AMERICA 10.0 7.3 - - 5.0 4.3 4.8 3.8 1.7 1.0
United States of America10.07.3--5.04.34.83.81.71.0
EUROPE 0.6 0.6 0.1 0.1 - - 0.7 0.7 - -
European Union 0.50.50.10.1--0.70.6--
OCEANIA 2.0 2.0 0.1 0.1 0.3 0.3 2.0 1.8 0.1 -
Australia2.02.0--0.30.32.01.80.1-
WORLD 59.6 57.0 5.8 5.5 6.2 5.5 59.1 58.7 5.6 4.3
Developing countries46.747.14.33.90.90.949.850.93.53.1
Developed countries12.810.01.61.65.34.69.37.92.11.2
LIFDCs35.135.70.80.70.60.634.435.72.42.5
LDCs13.313.20.60.50.40.512.613.01.71.9
NFIDCs1.71.90.20.1--1.82.00.10.1

TABLE A6 - OTHER COARSE GRAINS STATISTICS - Millet, Rye, Oats
and Other Grains (million tonnes)

  Production Imports Exports Total Utilization Stocks ending in
  2005 2006 2005/06 2006/07 2005/06 2006/07 2005/06 2006/07 2006 2007
  estim. f’cast estim. f’cast estim. f’cast estim. f’cast estim. f’cast
ASIA17.817.90.90.80.10.118.818.70.80.7
AFRICA19.620.50.10.10.20.218.619.91.51.7
CENTRAL AMERICA0.10.10.10.1--0.3