Report said global food imports will rise sharply this year

      The United Nations food and agriculture organization recently released the latest food outlook report, the global food market while the balance of supply and demand, but affected by transport costs and imports to increase global food imports will rise sharply this year, one of the most developed countries, the low-income, food-deficit countries the cost of food imports and sub-saharan Africa country rising trend is not optimistic.

      The United Nations food and agriculture organization (fao economist prakash, points out that although there may be differences between regions and countries, but on a global scale, all of the food supply is in good condition, market supply and demand balance.According to the report, besides fish food, almost all categories of food imports are expected to increase this year, rising by about 10.6%.Because of the meat, sugar, milk and oilseeds products imports to increase, the least developed countries, the low-income, food-deficit countries and rising cost of food imports in sub-saharan Africa country trend is more obvious.In may at the same time, global food prices rose for the first time appeared 3 months since the latest fao food price index than in April, and in the same period last year increased by 2.2% and 10% respectively.Besides sugar all categories of food in our price rise in May.

      Report predicts that international wheat prices will remain stable, in the first half close to record levels of coarse grains yield could increase competition between major exporter.Rice supply also is expected to keep plenty, but some exporters public reserve holdings may lead to inventory decline.In addition, 2016/2017 of world oil seed production is expected to surge to record highs, the main reason is that the soybean yield is more outstanding, global inventories added further.Preliminary indications that the market supply in the next year or two will keep enough, is likely to further depress the price formation.Dairy production in India, meanwhile, driven by rapidly expanding global dairy production is expected to grow 1.4% this year.