Thumbnail Image

Food Outlook – Biannual report on global food markets

November 2023

Year of publication 2023

Place of publication Rome, Italy ;

Pages 104 p.

Author FAO

Publisher FAO ;

Product type Book (series)

ISBN 978-92-5-138359-9

Series title Food Outlook

Series number November 2023

Synopsis (short abstract) FAO's latest forecasts point to favourable production outlooks across most basic foodstuffs. However, global food production systems remain vulnerable to shocks, stemming from extreme weather events, and rising geopolitical tensions and policies, potentially tipping the delicate demand-supply balances, dampening prospects for international trade in food commodities and with implications for global food security.

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
    • 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 products
    • 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
  • Ocean freight rates
    • Dry bulk freight costs across the grains and oilseeds routes mostly edged higher during the six months to October 2023 but remained well below last year’s levels.Read it here.
  • Food Import Bill
    • The global food import bill (FIB) is forecast to reach a new high of USD 2 trillion in 2023. High-income and upper-middle-income countries are expected to lead this increase, which will likely be less pronounced than in previous years. Read it here.

    Cite this content as:

    FAO. 2023. Food Outlook – Biannual report on global food markets.  Food Outlook, November 2023. Rome. 

    https://doi.org/10.4060/cc8589en

    Read on Google Books and buy online

    Language English

    Also available in:
    No results found.

    Related items

    Showing items related by metadata.

    • Thumbnail Image
      Book (series)
      Food Outlook – Biannual Report on Global Food Markets
      jun/22
      2022
      Also available in:
      No results found.
      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.
    • Thumbnail Image
      Book (series)
      Food Outlook – Biannual Report on Global Food Markets 2022
      Also available in:
      No results found.
      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.
    • Thumbnail Image
      Book (series)
      Food Outlook – Biannual report on global food markets 2023
      Also available in:
      No results found.
      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.
    Show more

    Users also downloaded

    Showing related downloaded files

    No results found.