11 Nov 2021 --- Global food trade has accelerated and is poised to hit a record in volume and value terms, according to a new Food and Agriculture Organization of the United Nations (FAO) report. FAO expects the global food import bill to reach an all-time high in 2021 and surpass US$1.75 trillion, marking a 14% increase from the previous year and 12% higher than the earlier forecast in June 2021.