Tag Archives: Food Outlook

World food import bill to fall to five-year low, amid hefty commodity supply

A report on agricultural commodity prices released today by the United Nations agricultural agency says that hefty supply levels mean rates will continue to decline despite pressure from a slight reduction in global harvests. “The world food import bill is forecast to reach a five-year low in 2015,” says Food Outlook, a biannual publication by the UN Food and Agriculture Organization (FAO) focusing on developments affecting global food and feed markets. “Currency movements and macroeconomic developments may have important implications for markets again in 2015-16.” Continue reading