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Food Outlook – Biannual Report on Global Food Markets

Copyright licence

Year of publication 2022

Place of publication Rome, Italy ;

Pages 100 p.

Author FAO

Publisher FAO ;

Product type Book (series)

Category Technical report

ISBN 978-92-5-137171-8

Series title Food Outlook

Series number nov/22

To cite or share https://doi.org/10.4060/cc2864en

Synopsis (short abstract) 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.

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



Market indicators

Global food import bill

At USD 1.94 trillion, the global food import bill (FIB) is forecast to reach another record in 2022. The year-on-year increase will likely be less pronounced than in the previous year, owing to the falling purchasing power of importers at a time when food prices are at all-time highs. Worryingly, many economically vulnerable countries are paying more while receiving less food.

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Global agriculutral input import bill

The global agricultural input import bill (IIB) is forecast to reach an all-time high of USD 424 billion in 2022, representing a near 50-percent increase from 2021 and reaching more than twice the level registered in 2020. This sharp increase is almost entirely on account of soaring costs of inputs, while growth in imported volumes remains subdued.

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Cite this content as:

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

https://doi.org/10.4060/cc2864en

Language English

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