Against the background of fast expanding trade and a surge in food import bills, which has come to characterise much of the developments shaping global food markets in 2020/21, early forecasts for 2021/22 point to resilient food trade and a continuation of strong international prices amidst many supply and demand uncertainties.

This report provides supply and demand forecasts for basic foodstuffs, fish and fishery products along with price analysis and policy information. The report’s special feature of this report puts recent trends in global food trade under the spotlight, with particular focus on how commodity flows have measured-up during the COVID-19 pandemic. Contrary to widespread predictions of a collapse in global markets, recent data show that trade continues to reach new heights. A novel metric is introduced that better captures the price momentum underway in international markets.