![Porto de Paranaguá. Foto: José Fernando Ogura/ANPr](https://www.datamarnews.com/wp-content/uploads/2021/01/Exportacoes-Agro-Paranagua.jpg)
FAO: global food imports to reach USD 1.8 trillion
Jun, 14, 2022 Posted by Gabriel MalheirosWeek 202224
Driven by higher prices and transport costs rather than volumes, the global food import bill is projected to rise from $51 billion to $1.8 trillion in 2022, according to the Food Outlook report released on June 9 by the Food and Agriculture Organization of the United Nations (FAO).
“Given soaring input prices, weather concerns, and heightened market uncertainties stemming from the war in Ukraine, the latest FAO forecasts point to the tightening of food markets, marked by food import bills reaching a new record,” said Upali Galketi Aratchilage, an FAO economist and editor-in-chief of Food Outlook.
Published twice a year, the Food Outlook offers FAO analysis of market supply and demand trends for the world’s top food items, including cereals, oilseeds, sugar, meat, dairy, and fish. It also analyzes trends in futures markets and shipping costs for food products.
The new edition also contains two special chapters examining rising prices for agricultural inputs such as fuel and fertilizers and the risks that the war in Ukraine poses to global food commodity markets.
Source: Agrolink
To read the full original article, please go to: https://www.agrolink.com.br/noticias/fao–importacao-de-alimentos-deve-atingir-us–1-8-tri_466659.html
-
Ports and Terminals
Oct, 15, 2020
0
New terminal to come on stream at Parana Port
-
Trade Regulations
Nov, 30, 2023
0
Brazil speeds up talks before handing over Mercosur’s presidency
-
Ports and Terminals
Jun, 19, 2019
0
Online shift work system to be implemented at Port of Santos
-
Shipping
Sep, 17, 2021
0
Maersk revises its outlook upwards yet again