Explained / Jun 28, 2026
Cereals Dip 2% But Food Import Bill Hits $2.22 Trillion Record as Coffee, Cocoa Drive 7.9% Jump; Wheat Falls 3.8%, Soybeans Hit 432.3M Tons
FAO Food Outlook 2026 forecasts global cereal output to decrease 2% to 2.98 billion tonnes, buffered by carryover stocks, while demand rises 1%. Wheat falls 3.8% to 811 million tons and coarse grains drop 1.2%, but soybeans hit record 432.3 million tons. World food import bill rose 7.9% to record US$2.22 trillion in 2025, driven by coffee, cocoa, and fish as high-income countries saw 9.3% jump.
