Expected increase of + 8.4% in value for world trade in fruit and vegetables

Despite the disruption of global supply chains due to the pandemic, trade in agricultural products has grown and is even expected to reach a record in 2021. FAO forecasts an increase in value of + 12% for all agricultural products and + 8.4% for Fruits & Vegetables.

 

FAO (Food and Agriculture Organization of the United Nations) in its recent report 'Food Outlook / Global Market Analysis' estimates that trade in agricultural products, despite the pandemic, has increased in 2020 and is even expected to reach a record in 2021.

 

The report predicts that agricultural trade in 2021 will reach $1.715 trillion, an increase of approximately $185 billion and + 12% compared to 2020. This expected amount would be a new record for world trade in agricultural products.

 

All food product categories are expected to increase in value in 2021, including cereals (+ $38 billion), oils (+ $33 billion), oilseeds (+ $32 billion) and fruits and vegetables (+ $24 billion).

 

According to the report, world trade in 2021 is expected to reach $248 billion for the 'Cereals' category and $177 billion for the 'Meat' category. But the highest forecast amount comes from the 'Fruits and Vegetables' category which is expected to reach $321 billion, an increase of + 8.4% compared to 2020 which posted $297 billion .

 

The anticipated amount of $321 billion for 2021 should break down, according to the report, into $225 billion for developed countries and $96 billion for developing countries.