Food outlook: global market analysis
2008
FAO's Food Outlook is a biannual publication (June and November) focusing on developments affecting global food and feed markets and providing comprehensive assessments and forecasts on a commodity by commodity basis. This latest edition for June 2008 puts in perspective market developments in recent months with a view to provide some insights into how the outlook might unfold for the commodities covered during the coming months. The report provides an assessment for cereals, wheat, coarse grains, rice oilseeds, oils and meals, sugar, meat and meat products, milk and milk products, fish and fishery products, as well as fertilisers and ocean freight rates. All these agricultural commodities are of critical importance to global food and feed markets. They constitute much of the world’s food consumption, generate income to farmers and represent the largest portion of food import expenditures across the world. The report also includes the following two special features: Volatility in agricultural commodities - an update Potato: an antidote to high food price inflation? Key messages from the report include: prices are unlikely to return to the low levels of previous years due to a host of reasons, including the escalated cost of inputs a number of demand factors such as the need to replenish stocks and expected increases in utilisation are keeping prices high despite a favourable global production outlook soaring food prices have led to serious difficulties, especially for vulnerable population groups that spend a substantial part of their incomes on food collective international action is needed now to develop agriculture and fight hunger. <br />
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