The FAO's June 2025 Food Outlook report offers an in - depth analysis of global food market trends and forward - looking projections for the 2025/26 season. It paints a cautiously optimistic picture of the global food markets, with anticipated production growth across most commodities, although challenges like climate variability, geopolitical tensions, and economic uncertainty persist.
The report begins with a detailed look at the cereal market. It projects a record global cereal production of 2,911 million tonnes in 2025, a 2.1% increase from the previous year. Even with this growth, global cereal utilization is expected to rise by 0.8%, leading to a slight expansion in ending stocks. Wheat production is forecast to increase marginally, with larger outputs in the European Union and India, while coarse grain production is set to reach a new high, driven by gains in maize. In the oilseed sector, global production is anticipated to grow by 3.4% in 2024/25, reaching 695.9 million tonnes, mainly due to higher soybean output. However, the report notes a decline in global sugar production, particularly in Brazil and India, which could lead to a production deficit in the 2024/25 season and has contributed to a downward trend in international sugar prices since late 2024.
Moreover, the report includes special articles on high pathogenicity avian influenza (HPAI). While primarily related to poultry, it indirectly affects the grain market as poultry farming is a major consumer of grains. It also discusses changes in grain trade flows following the outbreak of the war in Ukraine.
Overall, the FAO Food Outlook report offers valuable insights into the current state and future prospects of the global grain market, providing policymakers, industry stakeholders, and analysts with essential data and analysis to navigate the complexities of the global food system.
Click here to access and download the full manual for more detailed information.
Related Links:
1. The State of Food Security and Nutrition in the World 2023
2. The State of Food Security and Nutrition in the World 2024
