Food Outlook: Biannual Report on Global Food Markets: November 2018

An additional feature article analyses the recent conditions in the global markets for bananas and major tropical fruits, where world trade is foreseen to surge by 18 percent from last year.

The outlook for global supplies of agricultural commodities in the 2018/19 marketing season remains broadly in line with earlier expectations. While the weather had some impact on crop prospects, the overall production at global level did not change significantly from the forecasts published in the July issue of Food Outlook. Beyond weather-induced revisions, the latest FAO revisions take into consideration the mounting uncertainties regarding trade policies, as well as the changes in exchange rates and rising energy prices.