FAO report shows increased food production to be met by strong demand

Published 2021년 6월 25일

Tridge summary

The Food and Agriculture Organization of the United Nations (FAO) forecasts a resilient global food trade for the 2021-22 season, with supply exceeding demand. The organization's biannual report projects a moderate growth in cereal production, reaching record levels, and an increase in meat, dairy, and oilseed production. However, demand for coarse grains, oilseeds, and sheep meat is expected to surpass supply, leading to tight markets and reduced ending stocks. China's recovery from the African swine fever crisis is anticipated to significantly boost the global pork market, while dairy trade is set to grow, with Europe, New Zealand, and the United States being the primary exporters.

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Original content

Early forecasts point to a resilient global food trade in 2021-22, with increased supply meeting strong demand, according to the Food and Agriculture Organization of the United Nations (FAO). FAO's biannual report presents likely prospects and motivations for the coming months in a sector-by-sector analysis. Cereals Overall, cereal production is expected to grow moderately for the third year, reaching record levels, according to the report. Forecasts for world production (including rice) are estimated at nearly 2.82 billion tonnes, an increase of 1.9% in 2020. The main increase in production is in the corn crop, which is forecast at 3.7% more than last year. However, use is expected to exceed the total produced, with demand growing by 1.7% to 2.83 billion tons. In total, wheat production forecasts are 1.4%, for a record. Demand for wheat is projected to increase by 2.5% overall, with a 7.5% increase in feed absorption due to high prices for corn and other coarse grains. The coarse ...

Source: Avicultura Industrial