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Food Outlook – Biannual Report on Global Food Markets

jun/22

Year of publication 2022

Place of publication Rome, Italy ;

Pages 174 p.

Author FAO

Publisher FAO ;

Product type Book (series)

ISBN 978-92-5-136028-6

Series title Food Outlook

Series number 2022

Synopsis (short abstract) In view of the soaring input prices,concerns about the weather, and increased market uncertainties stemming from the war in Ukraine, FAO’s latest forecasts point to a likely tightening of food markets in 2022. Meanwhile, the global food import bill is on course to hit a new record high of USD 1.8 trillion, an all-time high, almost entirely on account of higher prices. Issued twice a year, Food Outlook offers FAO’s reviews of market supply and demand trends for the world’s major foodstuffs, including cereals, oilcrops, sugar, meat and dairy and fish. It also looks at trends in futures markets and shipping costs for food commodities. The new edition also contains two special chapters examining the role of rising prices for agricultural inputs, such as fuel and fertilizers, and the risks the war in Ukraine poses for global food commodity markets. Food Outlook is published by the Markets and Trade Division of FAO as part of the Global Information and Early Warning System (GIEWS). Food Outlook maintains a close synergy with another major GIEWS publication, Crop Prospects, and Food Situation, especially with regard to the coverage of cereals. Food Outlook is available in English. The summary section is also available in Arabic, Chinese, French, Russian, and Spanish.

Markets at a Glance

  • Cereals
    • This report provides an analysis of the most recent developments in the global cereals market, including a short-term outlook. Read it here
  • Wheat
    • This report provides an analysis of the most recent developments in the global wheat market, including a short-term outlook. Read it here
  • Coarse Grains
    • This report provides an analysis of the most recent developments in the global coarse grains market, including a short-term outlook. Read it here
  • Rice
    • This report provides an analysis of the most recent developments in the global rice market, including a short-term outlook. Read it here
  • Oilcrops, oils and meals
    • This report provides an analysis of the most recent developments in the global oilcrops market, including a short-term outlook. Read it here
  • Sugar
    • This report provides an analysis of the most recent developments in the global sugar market, including a short-term outlook. Read it here
  • Meat and meat products
    • This report provides an analysis of the most recent developments in the global meat market, including a short-term outlook. Read it here
  • Milk and milk products
    • This report provides an analysis of the most recent developments in the global milk market, including a short-term outlook. Read it here
  • Fish and fishery product
    • This report provides an analysis of the most recent developments in the global fish market, including a short-term outlook. Read it here

Special features

The war in Ukraine and the risks it poses for global food commodity markets

The war in Ukraine is engaging two of the world’s most important agricultural market players, at a time of already high and volatile international food and agricultural input prices. This Special Feature highlights the significant risks this war poses to` world food markets and global food security, at large. Read it here

High input prices protract high food prices, creating a double burden for import-dependent countries

This Special Feature analyses developments in global markets for inputs with reference to FAO’s Global Input Price Index (GIPI), as well as the mounting burden of importing them. With the GIPI rising much faster than food prices (both are at all-time highs), farmers are disincentivized to increase production, possibly protracting high prices in food markets. Read it here Last updated date 14/06/2022

Cite this content as:

FAO. 2022. Food Outlook – Biannual Report on Global Food Markets. Rome.

https://doi.org/10.4060/cb9427en

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    Despite generally favourable supply prospects, international prices of most food commodities continue to remain high on robust trade with demand holding firm. Larger imports and soaring freight costs are expected to push up the world food import bill to over USD 1.75 trillion in 2021, a rise of 14 percent (USD 218 billion) from 2020 and 12 percent from the previous report in June. This report provides supply and demand forecasts for basic foodstuffs, fish, and fishery products along with price analysis and policy information. The Special Feature examines the pathways and impacts of rapidly rising input prices, especially those of energy derived from fossil fuels, which can have detrimental effects on the global food economy in terms of their influence on food prices and future price developments, as well as their likely consequences for global food security. Food Outlook is published by the Markets and Trade Division of FAO as part of the Global Information and Early Warning System (GIEWS). It is a biannual publication (November and June) focusing on developments in global food markets. Food Outlook maintains a close synergy with another major GIEWS publication, Crop Prospects, and Food Situation, especially with regard to the coverage of cereals. Food Outlook is available in English. The summary section is also available in Arabic, Chinese, French, Russian, and Spanish.
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    FAO’s latest forecasts point to increases in production and higher stocks across several basic foodstuffs. However, global food production systems remain vulnerable to shocks, stemming from weather conditions, geopolitical tensions and policies, potentially tipping the delicate demand-supply balances, with implications for global food security. Issued twice a year, the November issue of the Food Outlook offers market summaries of FAO’s reviews of market supply and demand trends for the world’s major foodstuffs, namely cereals, oilcrops, sugar, meat, dairy and fish. It also looks at trends in food import bills, Ocean freight rates, international food prices and futures markets. The Markets and Trade Division of FAO, as part of the Global Information and Early Warning System (GIEWS), produces and publishes the Food Outlook to enhance transparency in global food markets. Concerning global cereal markets, the Food Outlook maintains a close synergy with the quarterly GIEWS publication Crop Prospects and Food Situation. Food Outlook is available in English. The summary section is available in Arabic, Chinese, French, Russian, and Spanish.
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