FAO Food Outlook: Global output of key food commodity crops on course for new records

FAO’s latest assessments indicate a relatively optimistic outlook for global food commodity markets, with production anticipated to increase across all commodities, except sugar, according to a new report from the Food and Agriculture Organization of the United Nations (FAO). Regarding core agricultural commodities, world output of rice, maize, sorghum and oilseeds are expected to reach new record levels, according to the FAO Food Outlook, which also noted that global food production remains vulnerable to adverse weather conditions as well as ongoing geopolitical tensions, trade policy uncertainties, and economic conditions. “While agricultural production trends appear solid, drivers that could negatively impact global food security are increasing,” said FAO Chief Economist Maximo Torero. The late biannual publication provides market assessments and updated forecasts for the production, trade, utilization and stocks of major food commodities, including wheat, coarse grains, rice, ...