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Food Outlook – Biannual report on global food markets

Year of publication 2023

Place of publication Rome, Italy ;

Pages 160 p.

Author FAO

Publisher FAO ;

Product type Book (series)

ISBN 978-92-5-137230-2

Series title Food Outlook

Series number No. June 2023

Synopsis (short abstract) 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.

Markets at a Glance

  • Cereals
    • This report provides an analysis of the most recent developments in the global cereals market, including a short-term outlook. Read it here.
  • 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 feature

Food inflation in net food importing developing countries (NFIDCs): characterizing the increase and the effect of currency movements

Since the beginning of 2021, the consumer price index (CPI), the most widely used measure of inflation, has increased to levels not seen in decades. High and persistent inflation has a number of macroeconomic consequences that can reduce long-term prosperity. Importantly, rising food prices can lead to social unrest and slow the efforts to fight poverty and food insecurity. This special feature examines recent changes in the food component of the CPI for the net food importing developing countries, and the extent to which changes in international cereal prices were transmitted to these countries, considering movements in the exchange rates.

Read it here

Cite this content as:

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



https://doi.org/10.4060/cc3020en

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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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    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.
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