The
ten most traded food and beverage commodities, By Praveen Duddu, 2/20/14,
Seafood is the
most popular food commodity traded in the world, with fish topping the traded
food / beverage commodity list in 2013 with a whopping $130bn, followed by
soybeans and wheat, while coffee was the most traded beverage.
Foodprocessing-technology.com lists the world's ten most traded food and beverage
commodities based on estimated trade value for 2013.
Fish
was the world’s single-most traded food commodity with an estimated export
value of $130bn in 2013. The estimated global fish export volume during the
year marginally increased to 57.8 million tonnes compared to 57.4 million
tonnes in 2012.
World
fish production in 2013 exceeded 160 million tonnes, comprising more than 90
million tonnes of capture fisheries and about 70 million tonnes of aquaculture
fisheries. Global fish production is dominated by developing countries such as
China, which alone accounts for more than 30% of the total fish output, while
Norway leads farm salmon production.
China
is also the biggest exporter of fish, followed by India, Indonesia, Japan,
Philippines, Thailand and Vietnam. Thailand, Indonesia and Vietnam are among
the world’s biggest shrimp exporters. The European Union (EU) and the US are
the major fish importers.
Soybean,
with an estimated trade value of more than $58bn, was the second-most traded
food commodity in the world. The export volume of the oilseed stood in excess
of 108 million tonnes in 2013. The world annual average price of the commodity
during the period was estimated at $538 per tonne.
Global
soybean output during the year was 280 million tonnes, mostly produced by the
US followed by Brazil and Argentina. Approximately 240 million tonnes of
soybeans were crushed worldwide during the year. China alone crushed more than
65 million tonnes.
China
is the biggest importer of soybeans, followed by the EU and Mexico. Brazil is
the biggest soybean exporter followed by the US and Argentina. Brazilian
soybean exports during the year exceeded 42 million tonnes.
Wheat
was the third-biggest food commodity traded in the world. The estimated trade
value of wheat in 2013 exceeded $45bn with the export volume reaching 154
million tonnes. The annual average price of the food grain during 2013 stood at
$294 per tonne.
World
wheat production during 2013 was approximately 711 million tonnes, while the
total consumption was estimated at 704 million tonnes. The EU, followed by
China, is the biggest producer of wheat. China, which consumed approximately
125 million tonnes of wheat during 2013, was the world’s biggest wheat
consumer.
The
US was the largest exporter of wheat and associated wheat products, followed by
the EU. Egypt, which imported around 10 million tonnes in 2013, was the world’s
biggest wheat importer, followed by China, which imported 8.5 million tonnes.
Palm
oil, with an estimated trade value exceeding $39bn, was the world’s
fourth-biggest traded food commodity in 2013. Global palm oil exports during
the year exceeded 43 million tonnes and the world annual price averaged at $857
per tonne.
"India continued to be the biggest consumer of
palm oil."
Global
palm oil output during 2013 was approximately 58.3 million tonnes, while the
gross consumption was estimated at 56.4 million tonnes. Indonesia, with an
annual production of more than 30 million tonnes in 2013, was the world’s
biggest palm oil producer followed by Malaysia and Thailand. India continued to
be the biggest consumer of palm oil.
Indonesia,
exporting more than 20 million tonnes annually, was the biggest palm oil
exporter, while India was the biggest importer of palm oil followed by China
and the EU. India’s palm oil imports during 2013 are estimated at nine million
tonnes.
Beef and Veal - At an estimated trade value exceeding
$36bn, beef and veal are among the most traded food commodities. The export
volume of beef and veal rose above eight million tonnes during 2013. The world
annual average price of beef in 2013 was estimated at $4.07 per kg.
Total
beef and veal production exceeded 58 million tonnes in 2013 led by Brazil,
which produced more than nine million tonnes of beef, followed by the EU and
China. World beef and veal consumption exceeded 56 million tonnes in 2013.
Brazil, followed by the EU and China, was the world’s biggest beef consumer.
Brazil
exported more than 1.8 million tonnes of beef in 2013, making it the biggest
beef exporter followed by India and Australia. The US States and Russia
imported more than one million tonnes per year each making them the world’s
biggest beef importers.
Soybean
meal was the sixth-most traded food commodity in 2013 with trade volume
estimated at $33bn. Export volume of the commodity reached 62.3 million tonnes
in 2013. The world price of soybean meal averaged at $54 per tonne during the
year.
The
global soybean meal production and consumption during 2013 were approximately
189 million tonnes and 186 million tonnes respectively. China was the world’s
biggest producer and consumer of soybean meal, producing and consuming more
than 53 million tonnes of the commodity in 2013, followed by the US. The EU is the
second-largest soybean meal consumer after China.
Argentina,
exporting more than 25 million tonnes, was the biggest soybean meal exporter in
the world followed by Brazil and the US. The EU, followed by Indonesia and
Thailand, are the world’s biggest soybean meal importers.
Corn
/ maize, with a trade value in excess of $28bn, was the seventh-most traded
food commodity in the world. Global corn exports reached 110 million tonnes in
2013, while the annual average price was estimated at $259.4 per tonne.
Global
corn production during the year exceeded 969 million tonnes, while consumption
reached 936 million tonnes. The US produced more than 350 million tonnes of
corn, becoming the biggest corn producer followed by China.
The
US was also the biggest corn consumer with the domestic corn consumption
exceeding 290 million tonnes during 2013.
The
US exported more than 35 million tonnes of corn in 2013, becoming the biggest
corn exporter followed by Brazil, Ukraine and Argentina. Japan, which imported
more than 15 million tonnes of corn, was the world’s biggest corn importer
followed by Mexico, the EU and China.
Broiler
Meat (poultry / chicken), with a trade volume exceeding $23bn, was the
eighth-most traded food commodity in 2013. The world export volume of poultry
exceeded ten million tonnes in 2013, while the annual average price of
ready-to-cook broiler meat stood at $2.02 per kg.
Total
broiler meat production in the world was approximately 84 million tonnes in
2013. The US, with an annual production exceeding 16 million tonnes, was the
biggest poultry producer after Indonesia and China. World broiler meat consumption
in the year was estimated at 83 million tonnes. The US and China, with annual
domestic consumption exceeding 13 million tonnes each, were the leading chicken
consumers.
Brazil
exported more than 3.5 million tonnes in 2013 becoming the biggest broiler meat
exporter, followed by the US and the EU. Japan was the biggest poultry importer
followed by Saudi Arabia, Iraq and Mexico.
Rice,
with an estimated trade value of more than $18bn, ranks ninth on the list of
the biggest food commodities traded in the world market. The export volume of
rice was 40 million tonnes in 2013, while the world annual average price of the
commodity during 2013 was estimated at $461 per tonne.
World
rice production was approximately 470 million tonnes in 2013, while total consumption
was estimated at 472 million tonnes.
China
was the biggest rice producer and consumer in the world followed by India.
China produced more than 141 million tonnes and consumed more than 145 million
tonnes of rice in 2013. India’s rice production and consumption during the year
stood at 103 million tonnes and 95 million tonnes respectively.
India,
exporting more than ten million tonnes of rice annually, continued to be the
world’s biggest rice exporter followed by Thailand and Vietnam. China, importing
more than three million tonnes of rice annually, was the biggest rice importer
after Nigeria and Iran.
Coffee
- An estimated trade
value exceeding $15bn makes coffee the world’s biggest beverage commodity and
the tenth-biggest food and beverage commodity by trade volume. The global
coffee export volume reached six million tonnes in 2013, while the world annual
average coffee price was estimated at $2.58 per kg.
Total
coffee production during the year ending June 2013 exceeded 8.5 million tonnes.
Brazil was by far the biggest coffee producer followed by Vietnam, Indonesia
and Columbia. The EU, consuming more than 2.5 million tonnes annually, was the
world’s biggest coffee consumer followed by the US and Brazil which consumed
more than 1.2 million tonnes of coffee each.
Brazil,
exporting more than 1.6 million tonnes of coffee beans a year, was the biggest
coffee exporter followed by Vietnam and Columbia. The EU was the biggest coffee
importer followed by the US and Japan.
Norb Leahy, Dunwoody
GA Tea Party Leader
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