Food outlook November 2017: Biannual report on global food markets
While food commodity prices have been generally stable, the cost of importing food is forecast to rise six per cent in 2017 to $1.413 trillion, making it the second highest bill on record, according to the latest Food Outlook published by the UN Food and Agriculture Organization (FAO), expressing concern about the economic and social impact of this trend on poor countries. The food import bills are set to increase by double-digit rates for least-developed countries (LDCs) and low-income food-deficit countries.