# Food Outlook - Biannual Report on Global Food Markets, June 2024 - World | ReliefWeb

> FAO's biannual Food Outlook expects adequate 2024/25 supplies of most major food commodities, with record rice and oilseed output and modestly lower wheat and maize production. It estimates the 2024 global food import bill will rise 2.5 percent to over $2 trillion.

- Date: 2024-06-13 · published 2024-06-13T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/17024-food-outlook-biannual-report-on-global-food-markets-june-2024-world-reliefweb
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Rough Rice](https://feedsoft.ai/c/RICE.md)

## Why it matters

Record oilseed output and adequate supplies point to limited price pressure on soybean meal and other protein feeds, while the modest decline in maize output is a mild support for corn.

## Read by commodity

- SBM: bearish ▼
- SOY: bearish ▼
- CORN: bullish ▲
- RICE: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2024-11-08 | [Crop Prospects and Food Situation Triannual Global Report No.3, November 2024 - World \| ReliefWeb](https://feedsoft.ai/events/27327-crop-prospects-and-food-situation-triannual-global-report-no-3-november-2024.md) | -1.4% | -2.0% |
| CORN | 2020-02-28 | [Global Price Watch: January 2020 Prices (February 28, 2020) - World \| ReliefWeb](https://feedsoft.ai/events/54678-global-price-watch-january-2020-prices-february-28-2020-world-reliefweb.md) | +3.2% | -2.7% |
| CORN | 2023-10-12 | [CBOT weekly outlook: Markets react bullishly to USDA report - AgCanada](https://feedsoft.ai/events/33588-cbot-weekly-outlook-markets-react-bullishly-to-usda-report-agcanada.md) | -0.4% | -1.5% |
| CORN | 2026-04-07 | [Semi-Annual Global Fertilizer Outlook - Rabobank](https://feedsoft.ai/events/20027-semi-annual-global-fertilizer-outlook-rabobank.md) | -2.5% | +3.0% |
| CORN | 2024-12-27 | [Grains Report 12/27/2024 - Market InsightsMarket Insights](https://feedsoft.ai/events/10455-grains-report-12-27-2024-market-insightsmarket-insights.md) | -0.5% | +5.6% |
| SOY | 2025-08-08 | [GEOGLAM Global Crop Monitor \| No. 35 – August 2025 - World \| ReliefWeb](https://feedsoft.ai/events/23240-geoglam-global-crop-monitor-no-35-august-2025-world-reliefweb.md) | +3.8% | +3.6% |
| SOY | 2024-01-16 | [Canola Market Outlook: January 15, 2024](https://feedsoft.ai/events/32221-canola-market-outlook-january-15-2024.md) | +1.5% | -1.1% |
| SOY | 2024-10-23 | [Market Report OCTOBER 2024 – Lipsa](https://feedsoft.ai/events/27983-market-report-october-2024-lipsa.md) | -2.7% | +0.7% |

## Sources

- reliefweb.int: https://reliefweb.int/report/world/food-outlook-biannual-report-global-food-markets-june-2024

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.