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November 11, 2021, Rome - The United Nations food and Agriculture Organization (FAO) today released a new report shows that the global food trade continued to force, trade and trade are expected to create a record high
.
.
The latest Food Outlook released by FAO pointed out that global food trade “showed strong resilience in the face of various interference factors during the COVID-19 pandemic,” but the rapid increase in food commodity and energy prices has brought impoverished countries and consumers.
Due to the huge challenge, most of their income is spent on necessities of life
.
Due to the huge challenge, most of their income is spent on necessities of life
.
FAO predicts that global food import bills will hit a record high in 2021, exceeding US$1.
75 trillion, an increase of 14% over the previous year and 12% higher than the forecast level in June 2021
.
This round of increase is mainly due to the overall increase in the price of food commodities in international trade and the triple increase in freight rates
.
75 trillion, an increase of 14% over the previous year and 12% higher than the forecast level in June 2021
.
This round of increase is mainly due to the overall increase in the price of food commodities in international trade and the triple increase in freight rates
.
Developing regions account for 40% of them, and the cost of food imports is expected to increase by 20% over 2020
.
As the cost growth rate is higher than the growth rate of imports, the food import bill of low-income food-deficit countries is expected to increase at an accelerated rate
.
.
As the cost growth rate is higher than the growth rate of imports, the food import bill of low-income food-deficit countries is expected to increase at an accelerated rate
.
2019-2021 Global Food Import Expenses Table by Regions
.
FAO
.
FAO
In developing regions, the prices of basic foods such as grains, animal fats, vegetable oils, and oil seeds have soared, while high-value foods such as fruits, vegetables, aquatic products, and beverages have become the main drivers of price increases in developed regions
.
.
"Food Outlook" is published twice a year, providing FAO's analysis of supply and demand trends in major global food markets, including grains, vegetable oils, sugar, meat, dairy products and fish, and focusing on the development of food commodity futures markets and transportation costs.
.
.
main conclusion
The outlook for the global production of major cereals remains strong.
It is expected that the output of corn and rice will reach new highs in 2021, while the consumption of cereals for food and feed will grow more rapidly
.
It is expected that the output of corn and rice will reach new highs in 2021, while the consumption of cereals for food and feed will grow more rapidly
.
2012-2022 rice production, consumption and inventory changes and forecasts
.
FAO
.
FAO
Following the tight balance in 2020/21, preliminary forecasts for 2021/22 show that the overall supply situation of oilseeds and their derivatives will improve, but the ending inventory may still be lower than average
.
.
Global sugar production will end its three-year continuous decline and is expected to rebound in 2021/22, but there is still a gap in the face of global consumption
.
Affected by reduced supply and price increases in major exporting countries, global sugar trade is expected to decline slightly
.
.
Affected by reduced supply and price increases in major exporting countries, global sugar trade is expected to decline slightly
.
2019-2022 overview of the global sugar market
.
FAO
.
FAO
In 2021, global meat production is expected to increase, mainly due to the strong rebound in China's production, especially pork
.
Except for Oceania, other major production areas are expected to see significant output increases driven by demand
.
Affected by the expected decline in imports from major import regions (especially Asia and Europe), global meat trade is expected to show a slowdown in growth
.
.
Except for Oceania, other major production areas are expected to see significant output increases driven by demand
.
Affected by the expected decline in imports from major import regions (especially Asia and Europe), global meat trade is expected to show a slowdown in growth
.
Global milk production is expected to increase in 2021, and all major production regions will show a growth trend, of which Asia and North America are the most significant
.
As the global economy gradually recovers from the market disruption caused by the epidemic, global dairy product trade is expected to expand
.
However, due to increased domestic production and weak consumer demand, import growth has slowed in recent months
.
.
As the global economy gradually recovers from the market disruption caused by the epidemic, global dairy product trade is expected to expand
.
However, due to increased domestic production and weak consumer demand, import growth has slowed in recent months
.
2019-2022 overview of the global dairy product market
.
FAO
.
FAO
In 2021, fishery and aquaculture production is expected to increase by 2.
0% over 2020
.
Nonetheless, the new market structure may continue for a long time as the epidemic has dealt a heavy blow to the sector
.
Despite high freight costs and delays in logistics, fish trade will still rebound
.
0% over 2020
.
Nonetheless, the new market structure may continue for a long time as the epidemic has dealt a heavy blow to the sector
.
Despite high freight costs and delays in logistics, fish trade will still rebound
.
The report pointed out that financial instruments such as futures and options related to major agricultural and food commodities have failed to "provoke a speculative boom like other years with high prices
.
"
.
"
Special chapter on input prices
FAO experts compiled the Global Input Price Index (GIPI) to analyze the rapid rise in input prices, especially the rise in fossil fuel energy prices, the impact on food prices and future price trends, and the possible impact on global food security.
Influence
.
Influence
.
2005-2021 Global Input Price Index (GIPI) and FAO Food Price Index (FFPI)
.
FAO
.
FAO
The global input price index includes the prices of energy, fertilizers, pesticides, feed and seeds, while the FAO Food Price Index (FFPI) tracks the international trade prices of major agricultural food commodities, which reached a nearly ten-year high in August 2021
.
The analysis shows that the two sets of indexes have been synchronized since 2005, which means that the increase in input prices will quickly be reflected in high food prices
.
.
The analysis shows that the two sets of indexes have been synchronized since 2005, which means that the increase in input prices will quickly be reflected in high food prices
.
Compared to the same period in 2020, in the year ending August 2021, the FAO Food Price Index has increased by 34%, and the Global Input Price Index has increased by 25% overall
.
.
FAO Food Price Index
.
FAO
.
FAO
The report pointed out that aggregated data at the global level concealed significant differences between regions and departments
.
For example, soybean growers have reduced their demand for the currently expensive nitrogen fertilizers, thus benefiting from the increase in the price of soybean products
.
On the contrary, pig farmers are faced with high feed costs and low pork prices, resulting in meager profits
.
.
For example, soybean growers have reduced their demand for the currently expensive nitrogen fertilizers, thus benefiting from the increase in the price of soybean products
.
On the contrary, pig farmers are faced with high feed costs and low pork prices, resulting in meager profits
.
The report analyzes and explains the potential constraints
.
For example, approximately 70% of nitrogen fertilizers in sub-Saharan Africa depend on imports, and nitrogen fertilizer prices are driven by fossil fuel prices
.
.
For example, approximately 70% of nitrogen fertilizers in sub-Saharan Africa depend on imports, and nitrogen fertilizer prices are driven by fossil fuel prices
.
In addition, in an increasing number of countries (currently 53), more than 60% of household income is used for necessities such as food, fuel, water, and housing
.
The FAO warned that rising food and fuel prices would have a regressive effect on poor consumers, and urged to be particularly "vigilant" in this regard
.
.
The FAO warned that rising food and fuel prices would have a regressive effect on poor consumers, and urged to be particularly "vigilant" in this regard
.
Related Links:
Download the English version of "Food Outlook":
https://
Market and trade
https:// November 11, 2021, Rome - The United Nations food and Agriculture Organization (FAO) today released a new report shows that the global food trade continued to force, trade and trade are expected to create a record high
.
food.
The latest Food Outlook released by FAO pointed out that global food trade “showed strong resilience in the face of various interference factors during the COVID-19 pandemic,” but the rapid increase in food commodity and energy prices has brought impoverished countries and consumers.
Due to the huge challenge, most of their income is spent on necessities of life
.
Due to the huge challenge, most of their income is spent on necessities of life
.
FAO predicts that global food import bills will hit a record high in 2021, exceeding US$1.
75 trillion, an increase of 14% over the previous year and 12% higher than the forecast level in June 2021
.
This round of increase is mainly due to the overall increase in the price of food commodities in international trade and the triple increase in freight rates
.
import75 trillion, an increase of 14% over the previous year and 12% higher than the forecast level in June 2021
.
This round of increase is mainly due to the overall increase in the price of food commodities in international trade and the triple increase in freight rates
.
Developing regions account for 40% of them, and the cost of food imports is expected to increase by 20% over 2020
.
As the cost growth rate is higher than the growth rate of imports, the food import bill of low-income food-deficit countries is expected to increase at an accelerated rate
.
.
As the cost growth rate is higher than the growth rate of imports, the food import bill of low-income food-deficit countries is expected to increase at an accelerated rate
.
2019-2021 Global Food Import Expenses Table by Regions
.
FAO
2019-2021 Global Food Import Expenses Table by Regions .
FAO
.
FAO
In developing regions, the prices of basic foods such as grains, animal fats, vegetable oils, and oil seeds have soared, while high-value foods such as fruits, vegetables, aquatic products, and beverages have become the main drivers of price increases in developed regions
.
.
"Food Outlook" is published twice a year, providing FAO's analysis of supply and demand trends in major global food markets, including grains, vegetable oils, sugar, meat, dairy products and fish, and focusing on the development of food commodity futures markets and transportation costs.
.
.
main conclusion
main conclusion The outlook for the global production of major cereals remains strong.
It is expected that the output of corn and rice will reach new highs in 2021, while the consumption of cereals for food and feed will grow more rapidly
.
It is expected that the output of corn and rice will reach new highs in 2021, while the consumption of cereals for food and feed will grow more rapidly
.
2012-2022 rice production, consumption and inventory changes and forecasts
.
FAO
2012-2022 rice production, consumption and inventory changes and forecasts .
FAO
.
FAO
Following the tight balance in 2020/21, preliminary forecasts for 2021/22 show that the overall supply situation of oilseeds and their derivatives will improve, but the ending inventory may still be lower than average
.
.
Global sugar production will end its three-year continuous decline and is expected to rebound in 2021/22, but there is still a gap in the face of global consumption
.
Affected by reduced supply and price increases in major exporting countries, global sugar trade is expected to decline slightly
.
.
Affected by reduced supply and price increases in major exporting countries, global sugar trade is expected to decline slightly
.
2019-2022 overview of the global sugar market
.
FAO
2019-2022 overview of the global sugar market .
FAO
.
FAO
In 2021, global meat production is expected to increase, mainly due to the strong rebound in China's production, especially pork
.
Except for Oceania, other major production areas are expected to see significant output increases driven by demand
.
Affected by the expected decline in imports from major import regions (especially Asia and Europe), global meat trade is expected to show a slowdown in growth
.
.
Except for Oceania, other major production areas are expected to see significant output increases driven by demand
.
Affected by the expected decline in imports from major import regions (especially Asia and Europe), global meat trade is expected to show a slowdown in growth
.
Global milk production is expected to increase in 2021, and all major production regions will show a growth trend, of which Asia and North America are the most significant
.
As the global economy gradually recovers from the market disruption caused by the epidemic, global dairy product trade is expected to expand
.
However, due to increased domestic production and weak consumer demand, import growth has slowed in recent months
.
.
As the global economy gradually recovers from the market disruption caused by the epidemic, global dairy product trade is expected to expand
.
However, due to increased domestic production and weak consumer demand, import growth has slowed in recent months
.
2019-2022 overview of the global dairy product market
.
FAO
2019-2022 overview of the global dairy product market .
FAO
.
FAO
In 2021, fishery and aquaculture production is expected to increase by 2.
0% over 2020
.
Nonetheless, the new market structure may continue for a long time as the epidemic has dealt a heavy blow to the sector
.
Despite high freight costs and delays in logistics, fish trade will still rebound
.
0% over 2020
.
Nonetheless, the new market structure may continue for a long time as the epidemic has dealt a heavy blow to the sector
.
Despite high freight costs and delays in logistics, fish trade will still rebound
.
The report pointed out that financial instruments such as futures and options related to major agricultural and food commodities have failed to "provoke a speculative boom like other years with high prices
.
"
.
"
Special chapter on input prices
Special chapter on input prices FAO experts compiled the Global Input Price Index (GIPI) to analyze the rapid rise in input prices, especially the rise in fossil fuel energy prices, the impact on food prices and future price trends, and the possible impact on global food security.
Influence
.
Influence
.
2005-2021 Global Input Price Index (GIPI) and FAO Food Price Index (FFPI)
.
FAO
2005-2021 Global Input Price Index (GIPI) and FAO Food Price Index (FFPI) .
FAO
.
FAO
The global input price index includes the prices of energy, fertilizers, pesticides, feed and seeds, while the FAO Food Price Index (FFPI) tracks the international trade prices of major agricultural food commodities, which reached a nearly ten-year high in August 2021
.
The analysis shows that the two sets of indexes have been synchronized since 2005, which means that the increase in input prices will quickly be reflected in high food prices
.
.
The analysis shows that the two sets of indexes have been synchronized since 2005, which means that the increase in input prices will quickly be reflected in high food prices
.
Compared to the same period in 2020, in the year ending August 2021, the FAO Food Price Index has increased by 34%, and the Global Input Price Index has increased by 25% overall
.
.
FAO Food Price Index
.
FAO
FAO Food Price Index .
FAO
.
FAO
The report pointed out that aggregated data at the global level concealed significant differences between regions and departments
.
For example, soybean growers have reduced their demand for the currently expensive nitrogen fertilizers, thus benefiting from the increase in the price of soybean products
.
On the contrary, pig farmers are faced with high feed costs and low pork prices, resulting in meager profits
.
.
For example, soybean growers have reduced their demand for the currently expensive nitrogen fertilizers, thus benefiting from the increase in the price of soybean products
.
On the contrary, pig farmers are faced with high feed costs and low pork prices, resulting in meager profits
.
The report analyzes and explains the potential constraints
.
For example, approximately 70% of nitrogen fertilizers in sub-Saharan Africa depend on imports, and nitrogen fertilizer prices are driven by fossil fuel prices
.
.
For example, approximately 70% of nitrogen fertilizers in sub-Saharan Africa depend on imports, and nitrogen fertilizer prices are driven by fossil fuel prices
.
In addition, in an increasing number of countries (currently 53), more than 60% of household income is used for necessities such as food, fuel, water, and housing
.
The FAO warned that rising food and fuel prices would have a regressive effect on poor consumers, and urged to be particularly "vigilant" in this regard
.
.
The FAO warned that rising food and fuel prices would have a regressive effect on poor consumers, and urged to be particularly "vigilant" in this regard
.
Related Links:
Download the English version of "Food Outlook":
https://
Market and trade
https://
