Commodity Market Analyst

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The Commodity Market Analyst reports directly to the Team Leader of the Basic Foodstuffs Team and works under the overall guidance of the EST Director.

Technical Focus: 

The Basic Foodstuffs (BF) team closely monitors national supply and demand situations of the basic food commodities, including cereals (wheat, coarse grains and rice), oilseeds and their derived products (vegetable oils, fats and meals), meat, and dairy products in order to derive reliable regional/global estimates/forecasts of production, utilization, trade and stocks. Based on these estimates/forecasts, combined with analyses assessing the impact of a range of drivers on the market situation, the BF team publishes comprehensive market intelligence reports and short-term forecasts on a regular basis. In addition, the team also prepares and publishes the FAO Food Price Index (FFPI), a measure of the monthly changes in international prices of a basket of food commodities, namely cereals, vegetable oils, meat, dairy products and sugar. The BF team also undertakes analyses and prepares research reports and technical papers on global food markets and their underlying factors to enhance market transparency and contribute to food security.     

Tasks and responsibilities:

The incumbent is expected to contribute to monitoring national supply and demand situations of basic food commodities mentioned above, focusing on a selected commodity depending on the requirements of the division. In particular, the consultant will perform the following duties:  

  • Closely monitor the national supply and demand situation of selected basic food commodities (cereals, oilseeds and their derived products, meat and dairy products) in order to derive regional/global estimates/forecasts of production, utilization, trade and stocks for those commodities;
  • Identify, collect and validate relevant data to be used for constructing and updating the commodity databases;
  • Review the data prior to processing for computer storage or analysis; cross-check data in a database to identify and redress any inconsistencies;
  • Assist with the production of tabulations for publications and/or presentations in reports;
  • Draft supply and demand situation and outlook reports and updates on policy developments relevant to the assigned commodity group;
  • Conduct commodity markets analysis and prepare technical papers and reports;
  • Assist with research and regularly update relevant information available on the Organization’s website;
  • Use statistical software to assist with analyses and programme edits, such as to identify or forecast patterns and causal relationships;
  • Recommend improvements to operating procedures and systems used;
  • Perform other duties as required.
Candidates Will Be Assessed Against The Following:

Minimum Requirements:

  • University degree in Economics, Agricultural Economics, Agronomy, or a related field.
  • Three years of relevant experience in qualitative and quantitative economic analysis of agricultural markets, trade and related policies.
  • Strong communication and liaison skills, including proven knowledge in drafting and presenting technical materials.
  • Working knowledge (proficient – level C) of English and limited knowledge (intermediate – level B) of another FAO official language (Arabic, Chinese, French, Russian or Spanish). For PSA, working knowledge of English.
Desirable qualifications/experience:
  • Experience and strong quantitative skills, especially capacity for handling large data sets; and
  • Experience in commodity market monitoring and analysis, ideally in an international context; and
  • Excellent command of English, especially as regards the quality and speed of drafting reports and other outputs intended for publication.

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