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Food Outlook – Biannual Report on Global Food Markets

Year of publication 2021

Place of publication Rome, Italy ;

Pages 112 p.

Author FAO

Publisher FAO ;

Product type Book (series)

ISBN 978-92-5-135248-9

Series title Food Outlook

Series number nov/21

Synopsis (short abstract) 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.

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

Rising input prices add unwanted pressure on the already fragile global food economy

The Special Feature examines pathways and impacts of rapidly rising input prices, especially those of energy derived from fossil fuels, and their likely consequences for consumers in economically-vulnerable, import-dependent countries, who are particularly exposed to higher food and energy prices. Read it here.

Cite this content as:

FAO. 2021. Food Outlook – Biannual Report on Global Food Markets. Food Outlook, November 2021. Rome.

https://doi.org/10.4060/cb7491en

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Language English

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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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    As it was projected earlier in the year, while most markets were braced for a major global economic downturn, the food sector, including markets for bananas and tropical fruits, continued to display more resilience to the Covid-19 pandemic than other sectors. This report provides supply and demand forecasts for basic foodstuffs, fish and fishery products along with price analysis, policy information and a preliminary assessment of the impacts of the Covid-19 pandemic on trade in bananas and tropical fruits. The report’s special feature reviews recent trends in food imports bills and export earnings. 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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