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Food Outlook no. 2

Year of publication 2003

Author FAO

Product type Book (series) 

Category Technical report

Series title Food Outlook

Series number No. 2, April 2003

Language English

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    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.
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    Food Outlook – Biannual report on global food markets 2025
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    Food outlook is a biannual publication (June and November) focusing on developments affecting global food commodity markets. FAO’s latest assessments indicate a relatively optimistic outlook for food commodity markets, with production and trade of all commodities, except sugar, anticipated to increase. However, this growth will have different impacts on stock recovery, influenced by the delicate balance between supply and demand. Global food commodity production remains vulnerable to weather conditions. Additionally, ongoing geopolitical tensions, uncertainties in policy developments, and potential retaliatory actions could negatively affect the trade outlook. In addition to market assessment, each edition contains a set of special features and market indicators. The June 2025 edition offers a feature article on economic impacts and trade implications of high pathogenicity avian influenza. Additional topics, such as changes in the trade flows following the start of the war in Ukraine, fertilizer update, economic drivers of fish fraud, and implications of decarbonization of the international maritime sector for net food-importing developing countries are also discussed. Overview of the market indicators summarizes developments on the futures markets, ocean freight rates, food import bill, and food price indices.
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