Durable global food trade

World food trade has proven extremely resilient during the pandemic, with developing countries managing to boost export earnings, according to a new report released by the Food and Agriculture Organization of the United Nations (FAO). by June “indicate strong, albeit incomplete, global food market resilience to COVID-19 shocks,” reports the half-yearly Food Outlook in a special feature on recent trends in food import accounts and export earnings.Developing countries have shown remarkable “vitality” in increasing global food trade flows, the analysis shows. Earnings from their exports in the first half of 2020 increased by 4.6% compared to the same period last year, while developed countries decreased. This is partly explained by the sharp declines in beverages, fish and meat, the demand for which is more in line with the declining household incomes caused by the shrinking global economy. At the same time, global beverage imports decreased by more than 12 percent and fish products decreased by more than 10 percent, while the value of trade in animal and vegetable oils and oilseeds both increased by almost 10 percent. The report offers a rich range of graphs, data and trend analyzes by food group and region. Commodity market trends Cereals markets in 2020/21 are well stocked, with prices affected by the tightening of wheat markets and strong international demand for coarse grains and rice, the report notes. The FAO updated its supply and demand forecast for cereals last week. World oilseed and seed production in 2020/21 is expected to reach a new record during 2020/21, with growing demand signaling a tightening of demand. World sugar production in 2020 is recovering, albeit at a slower pace, which will depend on whether further COVID-related lock-in measures are imposed. 19. World meat production in 2020 is projected to decline for For the second consecutive year, amid sluggish trade and demand prospects. Global milk production in 2020 is also projected to expand, supported by favorable monsoons and the resilience of village cooperative networks to milk collection in logistical barriers in India, along with stabilization aid in the European Union and the United States of America. For the fisheries sector As, as noted above, trade flows have fallen sharply, production is expected to decline in 2020 due to the effects of the pandemic on demand, logistics, prices, labor and business planning. Fisheries production is likely to decline slightly, with aquaculture production expected to decline for the first time in many years. The report notes that the impact of the pandemic on the fish market – in particular the decline in demand for fresh fish due to market rejection and has caused “extensive changes” that may continue in the long run to support product innovation, smaller value chains and new distribution channels. Tropical Fruits The COVID-19 pandemic has hit the value chain for tropical fruits, especially the most fragile World trade in pineapples, mangoes and papayas has declined, sometimes at double-digit rates. The margins of tropical fruit producers are under pressure from pandemic disturbances as well as highly competitive value chains, the intensive market power of the latter On the contrary, bananas and avocados have shown some resilience, with both fruits increasing exports, but critical strains have affected their value chains, especially for smaller producers. Demand for bananas has benefited from perceived hygiene, convenience and supplies from Ecuador, as well as a recovery in production in Costa Rica. Imports have also risen sharply. on a global basis, as seasonally lower supplies from Mexico and a sharp drop in US markets offset more than strong demand in the European Union and significantly higher supplies from Colombia, Kenya and Peru. Follow it on Google News and find out first all the news See all the latest news from Greece and ν World, in

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