Food Outlook: Biannual Report on Global Food Markets. November 2017
by Food and Agriculture Organization of the United Nations
Food commodity markets remain well supplied but the cost of importing food is set to rise by 6 percent from last year’s level to reach USD 1.413 trillion in 2017. Sharp increases in freight rates, stronger import demand and firmer prices of most food commodities are expected to elevate the global food import bill to its second highest level on record.