# Global food import bill in 2024 set to hit over $2 trillion: FAO

> The FAO Food Outlook projects the global food import bill to rise 2.5% to over $2 trillion in 2024. It expects adequate supplies of most major staples, with record rice and oilseed output and modestly lower wheat and maize.

- Date: 2018-03-09 · published 2018-03-09T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/65911-global-food-import-bill-in-2024-set-to-hit-over-2-trillion-fao
- Commodities: [Ocean Grain Freight](https://feedsoft.ai/c/OCEANFRT.md)

## Why it matters

Adequate supplies and lower food commodity prices point to stable feed grain costs. Shipping and geopolitical shocks are flagged as the main upside risks to prices.

## Sources

- tradearabia.com: https://www.tradearabia.com/News/286846/Global-food-import-bill-in-2024-set-to-hit-over-%242-trillion--FAO

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