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Food Outlook – Biannual Report on Global Food Markets

nov/20












Markets at a Glance

  • 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

Recent trends in food imports bills and export earnings: the COVID-19 challenge

The onset of the COVID-19 pandemic triggered fears as to whether international markets would still have the capacity to meet demands from countries that depend on trade for ensuring the food security of their populations. Actual data available up to June 2020, however, suggest strong, albeit not complete, resilience of the global food markets to COVID-19 shocks. Read it here.

Commodity Focus

Preliminary assessment of the impacts of the COVID-19 pandemic on trade in bananas and tropical fruits: Apparent resilience and vulnerabilities

Amid an extraordinarily rapid decline in global economic activity and international transport, world supply and demand for bananas and tropical fruits have experienced COVID-19-related disruptions and contractions through several channels of transmission. This article presents a preliminary assessment of the current market situation and potential implications of the COVID-19 pandemic for the production, trade and consumption of bananas and tropical fruits in 2020. Read it here.

Last updated date 13/11/2020 (data updated), see corrigendum


FAO. 2020. Food Outlook – Biannual Report on Global Food Markets: November 2020. Rome.




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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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    FAO’s latest forecasts point to somewhat easing of market conditions for basic foodstuffs. However, increased climate variability, conflicts and geopolitical tensions, bleak economic prospects, soaring agricultural input costs and export restrictions continue to pose challenges to global food commodity market stability. 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, agricultural input import bills, Ocean freight rates and FAO food price indices. 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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    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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