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    Food Outlook: Biannual Report on Global Food Markets: November 2021
    Food Outlook: Biannual Report on Global Food Markets: November 2021
    Food Outlook: Biannual Report on Global Food Markets: November 2021
    Ebook148 pages37 minutes

    Food Outlook: Biannual Report on Global Food Markets: November 2021

    By Food and Agriculture Organization of the United Nations

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    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. TheSpecial 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 onfood 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.

    LanguageEnglish
    PublisherFood and Agriculture Organization of the United Nations
    Release dateNov 29, 2021
    ISBN9789251353561
    Food Outlook: Biannual Report on Global Food Markets: November 2021
    Author

    Food and Agriculture Organization of the United Nations

    An intergovernmental organization, the Food and Agriculture Organization of the United Nations (FAO) has 194 Member Nations, two associate members and one member organization, the European Union. Its employees come from various cultural backgrounds and are experts in the multiple fields of activity FAO engages in. FAO’s staff capacity allows it to support improved governance inter alia, generate, develop and adapt existing tools and guidelines and provide targeted governance support as a resource to country and regional level FAO offices. Headquartered in Rome, Italy, FAO is present in over 130 countries.Founded in 1945, the Food and Agriculture Organization (FAO) leads international efforts to defeat hunger. Serving both developed and developing countries, FAO provides a neutral forum where all nations meet as equals to negotiate agreements and debate policy. The Organization publishes authoritative publications on agriculture, fisheries, forestry and nutrition.

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      Book preview

      Food Outlook - Food and Agriculture Organization of the United Nations

      Required citation:

      FAO. 2021. Food Outlook – Biannual Report on Global Food Markets. Food Outlook, November 2021. Rome. https://doi.org/10.4060/cb7491en

      The designations employed and the presentation of material in this information product do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations (FAO) concerning the legal or development status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. The mention of specific companies or products of manufacturers, whether or not these have been patented, does not imply that these have been endorsed or recommended by FAO in preference to others of a similar nature that are not mentioned.

      ISSN 0251-1959 [print]

      ISSN 1560-8182 [online]

      ISBN 978-92-5-135248-9

      E-ISBN 978-92-5-135356-1 (EPUB)

      © FAO, 2021

      Some rights reserved. This work is made available under the Creative Commons Attribution-NonCommercial-ShareAlike 3.0 IGO licence (CC BY-NC-SA 3.0 IGO; https://creativecommons.org/licenses/by-nc-sa/3.0/igo/legalcode).

      Under the terms of this licence, this work may be copied, redistributed and adapted for non-commercial purposes, provided that the work is appropriately cited. In any use of this work, there should be no suggestion that FAO endorses any specific organization, products or services. The use of the FAO logo is not permitted. If the work is adapted, then it must be licensed under the same or equivalent Creative Commons licence. If a translation of this work is created, it must include the following disclaimer along with the required citation: This translation was not created by the Food and Agriculture Organization of the United Nations (FAO). FAO is not responsible for the content or accuracy of this translation. The original [Language] edition shall be the authoritative edition.

      Disputes arising under the licence that cannot be settled amicably will be resolved by mediation and arbitration as described in Article 8 of the licence except as otherwise provided herein. The applicable mediation rules will be the mediation rules of the World Intellectual Property Organization http://www.wipo.int/amc/en/mediation/rules and any arbitration will be conducted in accordance with the Arbitration Rules of the United Nations Commission on International Trade Law (UNCITRAL).

      Third-party materials. Users wishing to reuse material from this work that is attributed to a third party, such as tables, figures or images, are responsible for determining whether permission is needed for that reuse and for obtaining permission from the copyright holder. The risk of claims resulting from infringement of any third-party-owned component in the work rests solely with the user.

      Sales, rights and licensing. FAO information products are available on the FAO website (www.fao.org/publications) and can be purchased through [email protected]. Requests for commercial use should be submitted via: www.fao.org/contact-us/licence-request. Queries regarding rights and licensing should be submitted to: [email protected].

      Photo credits (left to right/top to bottom):

      ©AllFreeDownload; ©Shutterstock; ©Shutterstock; ©AllFreeDownload; ©PEXELS; ©PEXELS; ©iStock; ©AllFreeDownload; ©FAO; ©iStock; ©Freepik; ©iStock; ©iStock; ©iStock; ©PEXELS; ©Shutterstock

      Contents

      MARKETS AT A GLANCE

      Wheat

      Coarse grains

      Rice

      Oilcrops, oils and meals

      Sugar

      Meat and meat products

      Milk and milk products

      Fish and fishery products

      SPECIAL FEATURE

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

      MAJOR POLICY DEVELOPMENTS

      Grains

      Rice

      Oilcrops

      Meat

      Dairy

      STATISTICAL TABLES

      MARKET INDICATORS

      Futures markets

      Ocean freight rates

      Food import bill

      The FAO price indices

      Food Outlook is published twice a year, normally in June and November. The June report contains a more detailed market analysis while the November report only provides summary market assessments (Markets at a Glance).

      ACKNOWLEDGEMENTS

      The Food Outlook

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