FAO meals worth index will increase for ninth consecutive month in February – World

Early estimates for 2021 wheat manufacturing are optimistic however 45 nations want exterior meals help

March 4, 2021, Rome – International meals costs rose for the ninth consecutive month in February, with sugar and vegetable oil costs rising essentially the most, the Meals and Agriculture Group of the United Nations (FAO) reviews immediately .

The FAO Meals Worth Index, which tracks month-to-month adjustments in worldwide costs of generally traded meals merchandise, averaged 116.0 factors in February, 2.4% greater than the earlier month and 26.5% greater than a yr in the past .

The FAO Sugar Worth Index rose 6.4 % from January, as decrease manufacturing in main producing nations and robust demand for imports from Asia raised lingering issues over the tightening international availability. Expectations of a resumption of manufacturing in Thailand and a bumper crop in India held again the rise.

The FAO vegetable oil worth index rose 6.2 %, reaching its highest degree since April 2012. Costs for palm, soybean, rapeseed and sunflower oils all rose.

The FAO Dairy Worth Index rose 1.7 %, led by quotes for worldwide butter exports, the place agency imports from China glad restricted provides in Western Europe. Cheese costs have fallen, partially attributable to excessive shares in america of America.

The FAO cereal worth index was on common 1.2 % increased than in January. Sorghum costs rose 17.4% in the course of the month, attributable to continued robust demand from China. Worldwide costs for maize, wheat and rice remained steady or elevated barely.

The FAO meat worth index rose 0.6 %, pushed up by tight provides of beef and sheep meat in main producing areas. In distinction, pigmeat costs fell, pushed by diminished purchases from China in a context of great over-supply and a rise in unsold pigs in Germany as a result of continued ban on pigs. exports to Asian markets.

Early estimates level to document wheat manufacturing in 2021

FAO additionally printed the Abstract of grain provide and demand, together with up to date assessments of world manufacturing, consumption, commerce and shares.

World wheat manufacturing in 2021 is about to extend to a brand new document 780 million tonnes, FAO preliminary forecasts, as expectations of a rebound in manufacturing within the European Union greater than offset manufacturing prospects. affected by climate situations for manufacturing within the Russian Federation. . Maize manufacturing in South Africa is anticipated to achieve close to document ranges in 2021, whereas manufacturing in South America is anticipated to be at nicely above common ranges. The harvest has not but been sown within the nations north of the equator.

The Briefly affords extra particulars and up to date scores. Highlights embrace a brand new increased estimate of world cereal manufacturing in 2020, now estimated at 2,761 million tonnes, a rise of 1.9 % from the earlier yr, bolstered by higher-than-average outcomes. deliberate for maize in West Africa, rice in India and wheat crops within the European Union, Kazakhstan and the Russian Federation.

FAO’s new projections for 2020/21 embrace a 2 % annual enhance in international grain use to 2,766 million tonnes and 5.5 % progress in world grain commerce to 464 million tonnes . International grain shares are actually anticipated to finish 2021 at 811 million tonnes, down 0.9 % from their opening ranges, bringing the stocks-to-use ratio down to twenty-eight.6 %. International shares of rice and wheat are forecast to extend, whereas these of coarse grains will decline.

Cereal manufacturing and import wants are each rising in low-income, food-deficit nations

Harvest outlook and meals state of affairs, a quarterly publication of FAO’s Markets and Commerce Division, was additionally launched immediately.

He estimates that total cereal manufacturing 51 low-income, food-deficit nations elevated 3.0 % in 2020 from the earlier yr to 502.4 million tonnes, with recoveries in southern Africa and the Close to East outweighing a decline in Central Africa. Nevertheless, the group’s whole cereal import necessities in advertising and marketing yr 2020/21 are anticipated to achieve 74.1 million tonnes, with the Far East and West Africa sub-regions exhibiting the necessities. most vital extra.

The primary manufacturing prospects for 2021 are usually favorable, however the drought situations in Afghanistan and southern Madagascar are more and more worrying.

The report assesses 45 nations in want of exterior help for meals: Afghanistan, Bangladesh, Burkina Faso, Burundi, Cabo Verde, Cameroon, Central African Republic, Chad, Congo, Democratic Folks’s Republic of Korea, Democratic Republic of Congo, Djibouti , Eritrea, Eswatini, Ethiopia, Guinea, Haiti, Iraq, Kenya, Lebanon, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mozambique, Myanmar, Namibia, Niger, Nigeria, Pakistan, Senegal, Sierra Leone, Somalia, South Sudan, Sudan, Syrian Arab Republic, United Republic of Tanzania, Uganda, Venezuela, Yemen, Zambia and Zimbabwe.

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