Food Outlook analyses trends and developments in the markets for cereals, the oilseeds complex, sugar, meat, dairy and fish products. The November edition also offers a detailed analysis of the cassava markets and the protracted decline in international coffee prices.
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.
What are the causes and consequences of the recent escalation and volatility of world food prices, and its implications for Asia? If agricultural productivity problems are not addressed, it is quite possible that food security will be a recurrent world and regional concern in the coming decades, potentially jeopardizing Asia’s economic growth.