
June 2007

	Food Outlook
	Global Market Analysis

OILSEEDS, OILS AND OILMEALS

SUGAR

MEAT AND MEAT PRODUCTS

MILK AND MILK PRODUCTS

FERTILIZERS

OCEAN FREIGHT RATES

Special features

Statistical appendix

	Table A1 – Cereal statistics (million tonnes)
	Table A2 – Wheat statistics (million tonnes)
	Table A3 - Coarse grains statistics (million tonnes)
	Table A4 - Maize statistics (million tonnes)
	Table A5 - Barley statistics (million tonnes)
	Table A6 – Sorghum statistics (million tonnes)
	Table A7 – Other coarse grains statistics - Millet, Rye, Oats and other Grains (million tonnes)
	Table A8 - Rice statistics (million tonnes, milled basis)
	Table A9 - Cereal supply and utilization in main exporting countries (million tonnes)
	Table A10 – Total oilcrops statistics (million tonnes)
	Table A11 – Total oils and fats statistics (million tonnes)
	Table A12 – Total meals and cakes statistics (million tonnes)1
	Table A13 –Bovine meat statistics (million tonnes, carcass weight equivalent)
	Table A14 – Ovine meat statistics (million tonnes, carcass weight equivalent)
	Table A15 – Pig meat statistics (million tonnes, carcass weight equivalent)
	Table A16 – Poultry meat statistics (million tonnes, carcass weight equivalent)
	Table A17 –Total meat statistics 1 (million tonnes, carcass weight equivalent)
	Table A18 – Milk and milk products statistics (million tonnes, milk equivalent)
	Table A19 – Sugar statistics (million tonnes, raw value)
	Table A20 - Selected international prices of wheat and coarse grains, ( US$/tonne)
	Table A21 - Wheat and maize futures prices ( US$/tonne)
	Table A22 - Selected international prices for rice and price indices
	Table A23 - Selected international prices for oilcrop products and price indices
	Table A24 - Selected international prices for milk products and dairy price index
	Table A25 - Selected international meat prices (US$ per tonne)
	Table A26 – Selected international meat prices and FAO meat price indices
	TABLE A27 – SELECTED INTERNATIONAL COMMODITY PRICES
	Table A28 - Ocean freight rates for grains ( US$/tonne)
	Table A 29 - Fertilizer spot price ranges (bulk f.o.b., US US$/tonne)
	STATISTICAL NOTES

Market indicators and food import bills

Announcement

Statistical appendix

Table A1 – Cereal statistics (million tonnes)

	Production		Imports		Exports		Total Utilization		Stocks ending in
	2006	2007	2006/07	2007/08	2006/07	2007/08	2006/07	2007/08	2007	2008
	estim.	f’cast	estim.	f’cast	estim.	f’cast	estim.	f’cast	estim.	f’cast
ASIA	902.2	912.5	122.1	117.4	45.5	42.1	977.7	988.7	250.5	250.0
Bangladesh	27.6	28.2	3.2	3.7	-	-	31.6	32.1	3.5	3.2
China	385.8	386.0	10.8	11.4	8.2	5.4	384.0	389.5	156.4	158.8
India	192.5	199.9	6.6	3.1	4.9	4.5	193.0	196.9	26.9	28.5
Indonesia	45.9	45.9	8.7	6.5	0.1	0.1	53.1	53.7	5.3	4.9
Iran, Islamic Republic of	21.7	20.7	4.8	4.9	-	-	26.6	26.6	3.1	2.1
Iraq	2.7	2.6	4.4	4.5	0.2	0.2	7.5	7.9	2.4	1.4
Japan	8.8	8.6	26.1	25.9	0.6	0.6	34.5	34.2	4.4	4.1
Kazakhstan	16.4	16.4	0.1	0.1	6.8	6.4	9.7	10.1	4.0	4.0
Korea, Republic of	5.1	5.0	12.9	13.1	0.1	0.2	18.0	18.0	3.2	2.7
Myanmar	17.2	17.0	-	-	0.5	0.5	16.5	16.6	4.4	4.4
Pakistan	30.9	31.7	0.4	0.4	3.6	3.8	27.6	27.4	3.4	4.0
Philippines	16.4	16.7	5.2	4.5	-	-	21.0	21.3	3.2	3.1
Saudi Arabia	2.8	3.1	8.4	8.8	-	-	11.9	12.0	3.2	3.0
Thailand	23.5	24.2	1.3	1.3	9.2	9.2	16.2	16.6	4.7	4.3
Turkey	33.2	33.2	1.2	1.2	2.1	1.6	33.1	32.8	3.8	3.9
Viet Nam	27.7	27.6	1.3	1.3	4.8	4.8	24.3	24.4	5.6	5.3
AFRICA	143.7	135.0	51.6	55.5	6.6	6.7	186.3	188.7	33.4	29.0
Algeria	4.1	3.5	6.9	6.9	-	-	11.0	11.0	4.7	4.3
Egypt	20.5	20.1	12.1	12.4	1.1	1.1	31.6	32.2	4.0	3.2
Ethiopia	15.5	15.0	0.2	0.2	0.5	0.7	13.5	14.0	2.7	3.1
Morocco	9.0	4.7	3.1	4.8	0.3	0.2	11.2	11.0	3.3	1.6
Nigeria	27.2	26.5	5.3	5.3	0.7	0.7	31.0	31.1	2.2	2.2
South Africa	9.4	9.2	2.5	3.1	1.0	1.2	13.0	12.6	2.6	1.4
Sudan	6.6	6.5	1.4	1.4	0.7	0.4	7.0	7.2	2.4	2.7
CENTRAL AMERICA	37.1	37.8	24.3	25.0	0.7	0.7	60.9	62.1	4.7	5.2
Mexico	31.7	32.2	14.4	14.9	0.5	0.5	45.4	46.3	3.1	3.7
SOUTH AMERICA	108.7	125.4	22.3	22.1	27.4	31.9	107.4	112.2	7.8	10.8
Argentina	33.2	40.1	-	-	20.1	22.6	14.7	16.5	2.1	3.0
Brazil	55.2	65.0	9.7	8.3	5.4	7.3	61.1	63.7	2.4	4.8
Chile	3.5	3.5	2.2	2.4	-	-	5.7	5.9	0.3	0.3
Colombia	2.9	3.1	4.5	4.6	-	-	7.4	7.5	0.5	0.4
Peru	3.2	3.0	2.6	3.3	-	-	6.4	6.5	0.8	0.6
Venezuela	3.2	3.2	1.9	1.9	0.1	0.1	5.0	5.0	0.4	0.4
NORTH AMERICA	386.8	450.9	8.2	8.2	112.8	103.8	322.3	348.7	47.3	52.4
Canada	50.9	53.1	2.6	2.4	23.8	21.3	33.1	34.8	12.2	11.4
United States of America	336.0	397.8	5.6	5.8	89.0	82.5	289.3	313.9	35.0	41.0
EUROPE	404.3	425.2	19.5	17.1	42.5	42.8	398.5	398.0	53.7	55.4
Bulgaria	5.3	-	0.1	-	1.4	-	4.3	0.0	0.8	-
European Union	248.5	285.0	13.7	11.8	17.4	19.5	256.5	274.7	33.6	39.2
Romania	15.3	-	0.5	-	1.3	-	16.4	0.0	3.0	-
Russian Federation Hungary	76.5	76.3	1.6	1.8	12.0	12.2	66.8	65.9	8.5	8.5
Serbia	8.8	9.1	0.1	0.1	1.4	1.2	8.9	9.0	0.9	0.7
Ukraine	34.1	38.0	0.4	0.4	8.4	9.2	27.0	29.2	4.1	4.1
OCEANIA	18.6	38.2	1.1	1.1	14.4	18.5	16.4	15.7	5.6	10.0
Australia	17.7	37.3	0.1	0.1	14.4	18.5	14.4	13.7	5.3	9.7
WORLD	2001.5	2124.9	249.1	246.5	249.9	246.5	2069.6	2114.1	403.0	412.8
Developing countries	1144.0	1162.8	186.1	185.5	71.3	72.7	1256.3	1276.4	282.1	282.3
Developed countries	857.4	962.2	63.0	61.0	178.6	173.9	813.3	837.7	120.8	130.5
LIFDCs	882.9	886.1	91.7	89.6	25.8	23.1	940.4	953.7	238.1	237.9
LDCs	122.8	123.1	19.1	20.0	4.6	4.8	135.6	138.4	24.0	23.7
NFIDCs	77.7	73.3	34.3	37.3	5.4	6.4	106.9	107.4	15.6	12.4

Table A2 – Wheat statistics (million tonnes)

	Production		Imports		Exports		Total Utilization		Stocks ending in
	2006	2007	2006/07	2007/08	2006/07	2007/08	2006/07	2007/08	2007	2008
	estim.	f’cast	estim.	f’cast	estim.	f’cast	estim.	f’cast	estim.	f’cast
ASIA	271.2	274.3	48.1	45.9	14.7	13.5	306.3	308.6	82.7	80.7
Bangladesh	0.8	0.7	2.3	2.8	-	-	3.4	3.5	0.2	0.2
China	104.5	101.8	2.1	2.5	1.9	1.1	105.1	105.1	45.9	44.2
of which Taiwan Prov. Province	-	-	1.1	1.1	-	-	1.1	1.1	0.4	0.4
India	69.4	73.5	6.5	3.0	0.3	0.3	73.6	74.7	14.5	16.0
Indonesia	-	-	4.8	4.8	-	-	4.8	4.8	1.7	1.7
Iran, Islamic Republic of	14.5	13.8	0.9	0.8	-	-	15.4	15.5	2.4	1.5
Iraq	1.6	1.5	3.0	3.0	0.1	0.1	5.1	5.4	2.0	1.0
Japan	0.8	0.9	5.6	5.5	0.4	0.4	6.0	6.0	0.7	0.7
Kazakhstan	13.7	13.8	-	-	6.5	6.1	7.3	7.7	3.5	3.5
Korea, Republic of	-	-	3.5	3.5	0.1	0.1	3.5	3.5	0.4	0.3
Pakistan	21.7	23.0	0.4	0.4	0.5	0.5	21.7	21.9	2.3	3.0
Philippines	-	-	2.8	2.8	-	-	2.8	2.8	0.3	0.3
Saudi Arabia	2.4	2.7	0.1	0.1	-	-	2.6	2.7	0.6	0.7
Thailand	-	-	1.2	1.2	-	-	1.2	1.1	0.2	0.2
Turkey	20.5	20.2	0.3	0.6	2.0	1.5	19.2	19.3	0.5	0.5
AFRICA	26.1	20.9	27.1	29.4	1.1	1.0	51.6	52.3	15.4	12.8
Algeria	2.7	2.3	4.6	4.7	-	-	7.5	7.6	3.7	3.4
Egypt	8.3	7.6	7.0	7.3	-	-	15.3	15.6	3.0	2.3
Ethiopia	3.7	3.5	0.2	0.2	-	-	3.3	3.4	0.7	1.0
Morocco	6.3	3.0	1.3	2.5	0.3	0.2	6.8	6.7	2.4	1.1
Nigeria	0.1	0.1	3.5	3.5	0.4	0.4	3.2	3.2	0.6	0.6
South Africa	2.1	1.7	1.0	1.3	0.1	0.2	2.9	2.9	0.7	0.5
Tunisia	1.3	1.2	1.1	1.2	0.1	0.1	2.4	2.6	0.9	0.6
CENTRAL AMERICA	3.3	3.0	7.3	7.5	0.6	0.6	10.0	10.0	1.1	1.0
Cuba	-	-	1.0	1.0	-	-	1.0	1.0	-	-
Mexico	3.2	3.0	3.5	3.6	0.5	0.5	6.2	6.2	0.7	0.7
SOUTH AMERICA	19.4	19.5	13.2	13.5	9.1	7.8	24.7	25.0	2.0	2.3
Argentina	14.0	12.8	-	-	8.8	7.5	5.6	5.5	0.8	0.6
Brazil	2.5	3.8	7.5	7.0	-	-	10.2	10.4	0.5	0.9
Chile	1.4	1.4	0.8	1.0	-	-	2.3	2.3	0.1	0.1
Colombia	-	-	1.3	1.3	-	-	1.3	1.3	0.1	0.1
Peru	0.2	0.2	1.2	1.7	-	-	1.8	1.9	0.1	-
Venezuela	-	-	1.6	1.6	-	-	1.6	1.6	0.2	0.2
NORTH AMERICA	76.6	83.5	2.5	2.5	44.9	43.7	41.2	43.2	19.3	19.4
Canada	27.3	24.3	-	-	20.1	17.2	9.4	9.6	8.1	6.6
United States of America	49.3	59.2	2.5	2.5	24.8	26.5	31.9	33.6	11.2	12.8
EUROPE	191.8	203.2	10.2	9.5	27.5	27.5	185.1	185.8	24.4	23.5
Bulgaria	3.2	-	-	-	1.0	-	2.4	0.0	0.3	-
European Union	118.3	132.7	6.9	6.5	13.0	14.0	119.7	125.6	13.0	14.0
Romania	5.3	-	0.3	-	0.6	-	6.2	0.0	1.5	-
Russian Federation Hungary	44.9	46.0	0.8	0.8	9.7	9.9	36.5	37.0	6.5	6.5
Ukraine	13.9	17.7	0.2	0.2	3.0	3.3	12.2	14.5	1.5	1.5
OCEANIA	10.1	25.3	0.6	0.6	11.7	15.0	7.7	7.2	4.1	7.8
Australia	9.8	25.0	-	-	11.7	15.0	6.7	6.2	3.8	7.5
WORLD	598.4	629.6	109.1	109.0	109.7	109.0	626.7	631.9	149.0	147.5
Developing countries	292.6	290.2	85.6	86.0	18.1	15.7	361.9	365.1	93.5	89.3
Developed countries	305.8	339.4	23.5	23.0	91.6	93.3	264.8	266.8	55.4	58.3
LIFDCs	240.1	239.7	49.8	49.4	5.6	5.1	284.8	286.9	83.6	80.7
LDCs	10.3	10.6	10.5	11.5	0.1	0.1	21.3	21.8	3.8	4.1
NFIDCs	38.2	35.4	17.6	19.7	1.0	1.8	55.0	55.6	10.2	7.9

Table A3 - Coarse grains statistics (million tonnes)

	Production		Imports		Exports		Total Utilization		Stocks ending in
	2006	2007	2006/07	2007/08	2006/07	2007/08	2006/07	2007/08	2007	2008
	estim.	f’cast	estim.	f’cast	estim.	f’cast	estim.	f’cast	estim.	f’cast
ASIA	250.8	254.0	59.8	58.2	6.8	4.9	300.9	306.0	71.0	72.0
China	156.5	157.8	7.6	7.7	5.0	3.0	155.6	160.8	52.1	53.5
of which Taiwan Prov. Province	0.1	0.1	5.2	5.2	-	-	5.1	5.1	0.9	0.9
India	32.1	34.4	0.1	-	0.2	0.4	32.4	33.7	1.2	1.5
Indonesia	11.6	12.4	1.9	0.7	0.1	0.1	12.8	13.0	1.6	1.6
Iran, Islamic Republic of	5.2	4.7	2.9	3.2	-	-	8.1	7.9	0.3	0.3
Japan	0.2	0.2	19.8	19.7	-	-	20.2	20.0	2.2	2.1
Korea, D.P.R.	2.2	2.1	0.1	0.1	-	-	2.3	2.2	0.2	0.2
Korea, Republic of	0.4	0.4	9.2	9.3	-	-	9.5	9.6	1.7	1.4
Malaysia	0.1	0.1	2.6	2.7	-	-	2.6	2.8	0.3	0.3
Pakistan	3.8	3.1	-	-	-	-	3.8	3.2	0.7	0.7
Philippines	6.3	6.3	0.7	0.1	-	-	6.5	6.5	0.9	0.8
Saudi Arabia	0.4	0.4	7.3	7.6	-	-	8.2	8.2	2.4	2.2
Thailand	4.0	4.2	0.1	0.1	0.2	0.2	3.9	4.1	0.1	0.1
Turkey	12.3	12.7	0.8	0.4	0.1	0.1	13.4	13.0	3.3	3.3
Viet Nam	3.8	3.6	0.1	0.1	-	-	3.8	3.6	0.8	0.8
AFRICA	103.5	99.8	15.2	16.5	4.4	4.6	112.1	113.5	15.8	14.0
Algeria	1.4	1.2	2.2	2.1	-	-	3.4	3.3	1.0	0.9
Egypt	7.7	8.0	5.0	5.0	-	-	12.9	13.1	0.4	0.3
Ethiopia	11.8	11.5	-	-	0.5	0.7	10.2	10.7	2.0	2.1
Kenya	3.1	3.0	0.6	0.7	-	-	3.7	3.7	0.1	0.1
Morocco	2.7	1.7	1.8	2.3	-	-	4.4	4.3	0.9	0.5
Nigeria	24.8	23.9	0.1	0.1	0.3	0.3	23.7	23.7	1.3	1.3
South Africa	7.3	7.6	0.8	1.1	0.8	1.0	9.4	9.0	1.9	0.8
Sudan	6.0	5.9	0.3	-	0.7	0.4	5.1	5.3	1.5	1.7
Tanzania	4.3	3.8	0.1	0.2	0.4	0.4	4.0	3.9	1.5	1.2
CENTRAL AMERICA	32.3	33.1	14.7	15.2	0.1	0.1	47.0	48.2	3.0	3.7
Mexico	28.2	29.0	10.3	10.8	-	-	38.4	39.4	2.4	3.1
SOUTH AMERICA	74.6	91.7	7.9	7.5	16.7	22.4	68.2	72.9	4.1	7.4
Argentina	18.4	26.6	-	-	10.9	14.7	8.8	10.7	1.3	2.3
Brazil	45.0	53.7	1.4	0.5	5.2	7.0	42.1	44.5	1.2	3.7
Chile	2.0	2.1	1.3	1.4	-	-	3.2	3.4	0.2	0.2
Colombia	1.5	1.6	3.1	3.2	-	-	4.5	4.6	0.2	0.1
Peru	1.5	1.5	1.3	1.6	-	-	3.0	3.1	0.5	0.4
Venezuela	2.6	2.6	0.3	0.3	-	-	2.9	2.9	0.1	0.1
NORTH AMERICA	304.0	361.6	4.7	4.7	64.6	57.5	277.0	300.9	26.7	32.2
Canada	23.6	28.8	2.3	2.1	3.7	4.2	23.4	24.9	4.1	4.7
United States of America	280.4	332.8	2.4	2.6	60.9	53.3	253.6	276.0	22.6	27.5
EUROPE	210.2	219.7	7.4	5.8	14.8	15.2	209.2	208.3	28.7	31.2
European Union	128.4	150.4	5.6	4.1	4.2	5.4	133.9	146.1	20.1	24.6
Romania	9.9	-	0.1	-	0.7	-	10.1	0.0	1.4	-
Russian Federation Hungary	31.1	29.9	0.5	0.7	2.3	2.3	29.6	28.3	2.0	2.0
Serbia	6.9	7.0	-	-	1.3	1.1	6.9	6.8	0.4	0.4
Ukraine	20.1	20.2	0.1	0.1	5.4	5.9	14.7	14.5	2.6	2.6
OCEANIA	7.7	12.8	0.1	0.1	2.7	3.4	8.0	7.9	1.5	2.2
Australia	7.1	12.2	-	-	2.7	3.4	7.3	7.3	1.4	2.1
WORLD	983.1	1072.8	109.8	108.0	110.0	108.0	1022.5	1057.6	150.7	162.7
Developing countries	449.0	466.3	75.1	74.7	26.7	30.6	492.5	505.3	88.9	93.3
Developed countries	534.1	606.5	34.7	33.3	83.3	77.4	530.1	552.3	61.8	69.4
LIFDCs	322.9	323.2	24.6	23.6	9.2	7.4	330.2	338.1	72.5	73.6
LDCs	55.6	54.3	2.4	2.1	3.4	3.5	51.6	52.8	9.5	9.5
NFIDCs	23.8	22.1	14.1	14.9	0.1	0.1	37.9	37.6	3.5	2.9

Table A4 - Maize statistics (million tonnes)

	Production		Imports		Exports		Total Utilization		Stocks ending in
	2006	2007	2006/07	2007/08	2006/07	2007/08	2006/07	2007/08	2007	2008
	estim.	f’cast	estim.	f’cast	estim.	f’cast	estim.	f’cast	estim.	f’cast
ASIA	200.9	204.2	45.1	42.8	6.1	4.2	236.0	241.1	60.9	62.2
China	145.5	147.0	5.6	5.2	5.0	3.0	142.5	147.6	50.3	51.8
of which Taiwan Prov. Province	-	-	5.0	5.0	-	-	4.9	4.9	0.9	0.9
India	13.6	15.5	0.1	-	0.2	0.4	13.8	14.9	0.9	1.2
Indonesia	11.6	12.4	1.9	0.7	0.1	0.1	12.8	13.0	1.6	1.6
Iran, Islamic Republic of	1.7	1.6	2.0	2.2	-	-	3.8	3.8	0.1	0.1
Japan	-	-	16.4	16.4	-	-	16.7	16.4	1.3	1.3
Korea, D.P.R.	2.0	1.9	0.1	0.1	-	-	2.1	2.0	0.2	0.2
Korea, Republic of	0.1	0.1	9.0	9.1	-	-	9.1	9.2	1.6	1.3
Malaysia	0.1	0.1	2.6	2.7	-	-	2.6	2.8	0.3	0.3
Pakistan	3.3	2.6	-	-	-	-	3.2	2.7	0.7	0.7
Philippines	6.3	6.3	0.7	0.1	-	-	6.5	6.5	0.9	0.8
Thailand	3.7	4.0	0.1	0.1	0.2	0.2	3.6	3.9	0.1	0.1
Turkey	3.0	3.3	0.7	0.3	-	-	3.8	3.6	0.3	0.3
Viet Nam	3.8	3.6	0.1	0.1	-	-	3.8	3.6	0.8	0.8
AFRICA	48.9	47.3	12.8	13.9	2.8	3.2	59.1	59.3	7.9	6.6
Algeria	-	-	2.1	2.0	-	-	2.1	2.0	0.2	0.2
Egypt	6.7	7.0	5.0	5.0	-	-	11.8	12.0	0.4	0.3
Ethiopia	4.3	4.0	-	-	0.2	0.3	3.6	3.7	0.7	0.8
Kenya	3.0	2.8	0.6	0.7	-	-	3.5	3.5	0.1	-
Morocco	0.1	0.1	1.4	1.5	-	-	1.6	1.6	0.3	0.2
Nigeria	7.1	6.2	0.1	0.1	0.1	0.1	6.7	6.2	0.5	0.5
South Africa	6.9	7.2	0.7	1.0	0.8	1.0	8.8	8.4	1.7	0.7
Tanzania	3.4	3.0	0.1	0.2	0.4	0.4	3.0	2.9	1.1	1.0
CENTRAL AMERICA	25.5	26.1	11.9	11.9	0.1	0.1	37.1	37.9	2.7	3.1
Mexico	21.8	22.5	7.5	7.5	-	-	29.1	29.8	2.0	2.5
SOUTH AMERICA	66.0	82.5	7.2	6.5	15.9	21.6	59.6	63.6	2.9	6.3
Argentina	14.4	22.0	-	-	10.2	14.0	5.7	7.0	0.5	1.5
Brazil	42.6	51.4	1.1	0.1	5.2	7.0	39.4	41.8	1.0	3.5
Chile	1.4	1.5	1.3	1.4	-	-	2.6	2.8	0.2	0.2
Colombia	1.3	1.4	2.8	2.9	-	-	4.0	4.1	0.2	0.1
Peru	1.3	1.2	1.3	1.5	-	-	2.6	2.7	0.5	0.4
Venezuela	2.1	2.1	0.3	0.3	-	-	2.4	2.3	0.1	0.1
NORTH AMERICA	276.9	328.0	2.4	2.4	56.7	49.2	253.1	274.5	20.8	26.0
Canada	9.3	11.5	2.2	2.0	0.2	0.2	11.5	12.7	1.7	1.9
United States of America	267.6	316.5	0.2	0.4	56.5	49.0	241.6	261.8	19.1	24.1
EUROPE	78.1	81.2	5.3	4.3	3.6	3.8	82.5	80.4	11.8	13.5
European Union	46.0