Markets and Trade

About our work

The FAO Markets and Trade Division collects, analyses and disseminates information on the dairy market. The division regularly publishes comprehensive dairy market intelligence reports and short-term forecasts of supply, demand, trade, stocks and prices, alongside topical analyses and information on policy developments. In addition, the division services the Intergovernmental Group on Meat and Dairy Products that provides a forum for intergovernmental consultation and exchange on meat and dairy production, consumption, trade and price trends. The group also regularly appraises the global dairy market situation and short-term outlook.

Publications
Journal; magazine; bulletin
Dairy Market Review. Overview of global market developments in 2024
02/12/2024

The review finds that international dairy prices continued to strengthen since the beginning of 2024, led by butter prices. Moreover, global milk production...

Market information also featured in:

Short-term market outlook and analysis:

14/11/2024

FAO’s latest assessments indicate differing trajectories across different commodities, with wheat, maize, and sugar production set to decline, while outputs of dairy, fisheries, meats, oilseeds, and rice are expected to increase, with implications for utilization, trade, and stock levels. However, global food production remains susceptible to shocks arising from weather conditions, geopolitical tensions, and policies.

11/06/2024

This report provides an analysis of the most recent developments in the global milk market, including a short-term outlook.

07/10/2021

The month of May marks the release of the first forecasts for global cereal production, but with many crops yet to be planted in the Northern hemisphere, there is a high level of uncertainty with these projections. This year, the validity of the first forecasts for 2024/25 wheat production is already being tested, as drought and prolonged frost in key producing areas of the Russian Federation have constrained yield prospects.

Medium-term projections:

06/07/2023

The Agricultural Outlook 2023-2032 is a collaborative effort of the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations (FAO). It brings together the commodity, policy and country expertise of both organisations as well as input from collaborating member countries to provide an annual assessment of the prospects for the coming decade of national, regional and global agricultural commodity markets.

07/06/2023

This chapter describes market developments and medium-term projections for world dairy markets for the period 2023-32. Projections cover consumption, production, trade and prices for milk, fresh dairy products, butter, cheese, skim milk powder and whole milk powder. The chapter concludes with a discussion of key risks and uncertainties which could have implications for world dairy markets over the next decade.

06/07/2023

The OECD-FAO Agricultural Outlook 2023–2032 provides an assessment of the ten-year prospects for agricultural commodity and fish markets at national, regional, and global levels in a context of continued economic risks, uncertainty and high energy prices. The report is a collaborative effort between the OECD and FAO, prepared with inputs from Member countries and international commodity organisations.

Price monitoring:

02/02/2024

The FAO Food Price Index (FFPI) is a measure of the monthly change in international prices of a basket of food commodities. It consists of the average of five commodity group price indices weighted by the average export shares of each of the groups over 2014-2016. A feature article published in the June 2020 edition of the Food Outlook presents the revision of the base period for the calculation of the FFPI and the expansion of its price coverage, to be introduced from July 2020.

02/01/2023

Movements in agricultural commodity and food prices are indicators of changes in the fundamentals of supply and demand. As such, their levels are indicative of market imbalances that, for example, can portend to worsening food security. The timely monitoring of prices is also important for assessing the functioning and efficiency of international and national markets. Transparent and timely market information is a basis for evidence-based decision making and food security strategies.

26/02/2024

This Bulletin is a revamped edition of the Global Food Price Monitor issued until December 2014. The Bulletin reports on recent food price developments at world, regional and country level with focus on developing countries. The full Bulletin is available in English and selected abstracts in Arabic, Chinese, French, Spanish and Russian.

Policy monitoring:

01/12/1999

This is the second issue of the Review of basic food policies, which covers policy developments in production, consumption marketing and trade of cereals, oilseeds and livestock products during the period 2001-2002. The policy information contained in the report is taken from country responses to FAO questionnaires and from publicly available sources.

01/12/2006

This third staple food policy review indicates the main policy changes that took place in 2003 and 2004 in the areas of production, consumption, marketing and trade of grains, oilseeds and oil. breeding. The data come from questionnaires and from official and unofficial sources.

Digital tools
FPMA

Food Price Monitoring and Analysis

AMIS

Agricultural Market Information System

Dairy Market Network

The Dairy Market Network is a multilingual service that provides information on current developments in the national and international markets for dairy products, including on the technical and economic factors impacting production, consumption, trade, stock and prices. The network circulates regular market bulletins about developments in the world economy – such as the FAO Dairy Market Review – to subscribers via email, free of charge. Please subscribe here to the Dairy Market Network. By subscribing, you will be accepting the terms and conditions described in the FAO Data protection and privacy notice.

https://www.fao.org/contact-us/data-protection-and-privacy/en/