[http://newsletters.fao.org/files/amf_fao/workspace_115/img/faologo_en.png]<http://newsletters.fao.org/c/1e6ypBuIgfMQy4fmK2plt5zOg> FAO Markets and Trade November 2021 [http://newsletters.fao.org/i/amf_fao/project_338/24965_00287.jpg?size=600x0&w=B7UuzLXJWx2ZXCm3TYojzmfasG8U]<http://newsletters.fao.org/c/1e6ypFAbP1G1OWxyd6zZNiSnc> World food prices reach new peak since July 2011 Global cereal production poised to hit an all-time high, stocks set to decline The world food price barometer surged to a new peak reaching its highest level since July 2011, the Food and Agriculture Organization of the United Nations (FAO) reported today. The FAO Food Price Index<http://newsletters.fao.org/c/1e6ypHCVBpCCsnGDWDFjXpwEF>, which tracks monthly changes in the international prices of a basket of food commodities, averaged 133.2 points in October, up 3 percent from September, rising for a third consecutive month. The FAO Cereal Price Index in October increased by 3.2 percent from the previous month, with world wheat prices rising by 5 percent amid tightening global availabilities due to reduced harvests in major exporters, including Canada, the Russian Federation and the United States of America. International prices of all other major cereals also increased month-on-month. The FAO Vegetable Oil Price Index went up 9.6 percent in October, hitting an all-time high. The increase was driven by firmer price quotations for palm, soy, sunflower and rapeseed oils. Palm oil prices rose for a fourth consecutive month in October, largely underpinned by persisting concerns over subdued output in Malaysia due to ongoing migrant labour shortages. The FAO Dairy Price Index rose by 2.6 points from September, influenced by generally firmer global import demand for butter, skim milk powder and whole milk powder amid buyers’ efforts to secure supplies to build stocks. By contrast, cheese prices remained largely stable, as supplies from major producing countries were adequate to meet global import demand. The FAO Meat Price Index slipped 0.7 percent from its revised value in September, marking the third monthly decline. International quotations for pig and bovine meats fell amid reduced purchases from China of the former and a sharp decline in quotations for supplies from Brazil of the latter. By contrast, poultry and ovine meat prices rose, boosted by high global demand and low production expansion prospects. The FAO Sugar Price Index dropped by 1.8 percent from September, marking the first decline after six consecutive monthly increases. The decline was mainly the result of limited global import demand and prospects of large exportable supplies from India and Thailand as well as a weakening of the Brazilian Real against the US dollar. Read more<http://newsletters.fao.org/c/1e6ypJFFnNzd5OPJGaKE7waW8> [http://newsletters.fao.org/i/amf_fao/project_338/Web_summary_cereal_en_nov2021.png?size=170x0&w=BoxtN6vZ6isiBdUX8ffiPUCpKIA4]<http://newsletters.fao.org/c/1e6ypLIpabvNJfYPpHPYhCPdB> FAO Cereal Supply and Demand Brief Despite an expected record world cereal production in 2021, global cereal inventories are seen heading for a contraction in 2021/22. Following an upward revision this month on stronger-than-earlier-anticipated global trade of wheat and rice, world trade of cereals is now forecast to expand and reach a new record in 2021/22. Read more<http://newsletters.fao.org/c/1e6ypNL8WzsomH7V9eVirJtv4> [http://newsletters.fao.org/i/amf_fao/project_338/amis_2021_thumb.jpg?size=170x0&w=BLFM-7QfuyBupBAzktfMwi08aS_c]<http://newsletters.fao.org/c/1e6ypPNSIXoZ08h0SM0CBQ7Mx> AMIS Market Monitor Soaring fertilizer prices, in part driven by a strong run-up in natural-gas prices, are poised to add more uncertainty to global food markets well into the 2022/23 season. With international prices of most food crops (with the exception of rice) already at multi-year highs and their exportable supplies barely adequate to meet demand, any weather or input induced shortfall in 2022 could have worrying implications for global food security. View here<http://newsletters.fao.org/c/1e6ypRQCvllzDzq6Cj5WLWM40> FAO support to the 12th WTO Ministerial Conference [http://newsletters.fao.org/i/amf_fao/project_338/trade_policy_briefs_nov_2021.png?size=170x0&w=BVJoWLyhT84K_RJsYaRSFhr7GGqM]<http://newsletters.fao.org/c/1e6ypTTmhJiah0zclQbgW3qlt> Trade Policy Briefs The policy briefs provide an overview of key trade-related questions addressed in recent FAO studies and publications, aimed at broadening technical understanding of the issues, especially in the context of the World Trade Organization (WTO) negotiations on agriculture and the upcoming 12th WTO Ministerial Conference<http://newsletters.fao.org/c/1e6ypVW647eKUrIi5ngB6a4CW>, to take place in Geneva from 30 November to 3 December 2021. View full collection here<http://newsletters.fao.org/c/1e6ypXYPQvblxSRnOUlVggIUp> [http://newsletters.fao.org/i/amf_fao/project_338/psf_paper.png?size=170x0&w=BMplV3lqzovVrvybBYs7H0elJGho]<http://newsletters.fao.org/c/1e6yq24jph4wOL9zhYwzAu1tl> Public food stockholding - A review of policies and practices The paper investigates the basics of public stockholding, exploring the objectives of such programmes, the policy instruments used to achieve them, and their possible market impacts. It also synthesizes country experiences in implementing public stockholding programmes in different regions and presents the evolution of administered and international prices over the last decade. Download here<http://newsletters.fao.org/c/1e6yq473bF17sciF1vBTKAFKO> In focus [http://newsletters.fao.org/i/amf_fao/project_338/tokenization1_paper.png?size=170x0&w=Br8n0QZnC0gnsfTruTI0MEjUjDN0]<http://newsletters.fao.org/c/1e6yq69MY2XI5DrKL2HdUHk2h> Impact tokenization and innovative financial models for responsible agrifood supply chains This report provides a comprehensive summary and analysis on how impact tokenization and innovative financial models can promote responsible agrifood supply chains. Download here<http://newsletters.fao.org/c/1e6yq8cwKqUiJ4AQuzMy4NYjK> View this email in your browser<http://newsletters.fao.org/q/13V808QuEnjZBBykNuEqf/wv> CONTACT FAO Markets and Trade Division (EST) Further information: www.fao.org/markets-and-trade<http://newsletters.fao.org/c/1e6yqafgwOQTmvJWe6RSeUCBd> Contact us at: [log in to unmask]<mailto:[log in to unmask]> SHARE AND SUBSCRIBE If you received this from a friend and wish to subscribe<http://newsletters.fao.org/c/1e6yqci0jcNtZWT1XDXcp1gSG>, please enter your details. You have received this message as you are currently subscribed to one of the regular products of FAO's Markets and Trade (EST). Should you prefer not to receive these messages in the future, please unsubscribe<http://newsletters.fao.org/u/11SodKTU0WaTS4t0Do08M>. 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