Arab Press

بالشعب و للشعب
Sunday, Aug 09, 2026

Surging Food Import Costs Threaten World's Poorest, Warns World Agriculture Body

Surging Food Import Costs Threaten World's Poorest, Warns World Agriculture Body

These high costs may persist for a sustained period as nearly all agricultural commodities have become more expensive, while a rally in energy markets could raise farmers' production costs, the Food and Agriculture Organization (FAO) said.

Food import costs across the world are expected to surge to record levels this year, piling pressure on many of the poorest countries whose economies have already been ravaged by the COVID-19 pandemic, the UN Food Agency said on Thursday.

These high costs may persist for a sustained period as nearly all agricultural commodities have become more expensive, while a rally in energy markets could raise farmers' production costs, the Food and Agriculture Organization (FAO) said.

"The problem is not the world facing higher prices," Josef Schmidhuber, deputy director of the FAO's trade and markets division, told Reuters.

"The issue is vulnerable countries."

The world's food import bill, including shipping costs, is projected to reach $1.715 trillion this year, up 12% from $1.530 trillion in 2020, the FAO said in its twice-yearly Food Outlook report on Thursday.

While growth in agricultural trade during the pandemic has shown the resilience of international markets, price rises since late 2020 are raising risks for some import-dependent states, it added.

Nations classed as Low-Income Food-Deficit Countries by the FAO are forecast to see food import costs jump 20% this year, with tourism-reliant economies in a particularly precarious position, the agency said.

International aid organisations have already warned of rising numbers of malnourished people in the world as the pandemic has compounded food insecurity linked to conflict and poverty in states like Yemen and Nigeria.

The FAO's monthly food price index hit a 10-year high in May, reflecting sharp rises for cereals, vegetable oils and sugar.

A separate index of food import costs, including freight costs that have also soared, reached a record in March this year, surpassing levels seen during previous food price spikes in 2006-2008 and 2010-2012, the FAO said.

Inflationary pressures have led countries like Argentina and Russia to impose export curbs.

CHINESE MAIZE TRADE


The FAO does not issue forecasts for its price index, but its import cost projection for 2021 assumed prices would stay high, Schmidhuber said.

"Eventually agriculture will come back to a normal situation but it will take some time," he said.

A strong volume increase for staple food imports last year had already driven up global import costs by 3%, to a record high.

Exceptions were beverages and fish products, which are more sensitive to economic conditions and were hit by supply-chain difficulties, the FAO said.

China's imports have been a driver of agricultural demand and prices in the past year, partly reflecting Beijing's efforts to rebuild its pig industry after a disease outbreak.

Chinese maize (corn) imports in the upcoming 2021/22 season are set to rise to 24 million tonnes, the FAO forecast. This would mean China, expected to quadruple its maize imports to 22 million tonnes in 2020/21, would remain the world's top importer of the cereal.

A recovery in Chinese pork output is expected to reduce global trade, offsetting growth in beef and poultry flows to leave overall meat trade stable this year, the FAO added.

Newsletter

Related Articles

Arab Press
0:00
0:00
Close
AI’s Next Bottleneck Is Power, Not Just Nvidia Chips
Joe Biden’s Cancer Has Spread Beyond His Bones, Hunter Biden Says
Why 2027 Could Be a Strong Year for Stocks—and Why the Forecast Is Fragile
Why Markets May Look Quiet in August After Big Tech Earnings
Trump’s Top General Seeks an Exit Strategy From Iran War, Report Says
UFO: Pentagon Releases Video of Unidentified Object Tracked Over Middle East
Ukraine Tells Senate Republicans Its Drone War Offers a Blueprint for America
Weight-Loss Drug Boom Tests the Limits of Prescription Advertising Rules
Saudi Arabia, Turkey and Pakistan Sign Mutual-Defence Pact
AI Is Remaking the US Economy, From GDP Growth to iPhone Prices
FIFA’s Retreat Leaves a Larger Question Over Who Guards the Game
Finland Deploys Commercial-Scale Thermal Batteries Using Crushed Rock to Store Renewable Grid Energy
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
Over 24 Hours in the Air: Qantas Airbus Completes Record-Breaking Test Flight
Arrest Warrant Issued in Lebanon for Tycoon Spotted Meeting Netanyahu in Washington
Trump says Israel ‘would not survive’ without US
Nvidia Reportedly Takes Vast Texas Data-Centre Lease to Underwrite AI Expansion
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Pentagon Discloses Nearly 100 US Troop Injuries During Renewed Iran Fighting
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Spain Defeats Argentina in Extra Time to Win Second World Cup
Turkey Explores S-400 Transfer to UAE in Bid to Rejoin F-35 Program
US Retaliates Against Iran After Two American Troops Killed in Jordan
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
Iran Claims It Destroyed Bahrain’s Main Artificial Intelligence Center in Missile and Drone Strike
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
Reported CIA Mission Helped Clear the UAE’s Path to Advanced US AI Chips
Artificial Intelligence Capital Fuels Markets While Governments and Regulators Face Mounting Strategic Tests
China’s Moonshot’s Kimi K3 Narrows the Gap With Anthropic Through Scale, Openness and Lower Cost
The Ledger Will Not Trust on Faith
Passenger Bound for Germany Refused to Sit Beside a Woman on a Plane — Then Slapped a Flight Attendant
Ukraine’s Leadership Rift Spills Into the Streets as Protesters Target Army Chief
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
Leadership Change and Strategic Rivalry Redraw the Political Map
The AI Race Enters Its Infrastructure Era
Britain Nationalises British Steel to Protect Scunthorpe Production and Strategic Supply
Thomas Tuchel Faces Fierce Backlash After Tactical Retreat Costs England World Cup Final Berth
A Quiet Bastille Day: France Grapples with World Cup Heartbreak and Leftover Fireworks
Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"
Harvard Astrophysicist to Lead U.S. Scientific Advisory on Unidentified Aerial Phenomena
Emergency Sirens Activated Across Bahrain as Interior Ministry Issues Shelter Directives
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
×