Economist (Commodity Market Analyst)

Organizational Setting

The Food and Agriculture Organization of the United Nations (FAO) contributes to the achievement of the 2030 Agenda through the FAO Strategic Framework by supporting the transformation to MORE efficient, inclusive, resilient and sustainable agrifood systems, for better production, better nutrition, a better environment and a better life, leaving no one behind.

The Markets and Trade Division (EST) monitors and analyses developments and trends in international, regional and national agricultural commodity markets and the factors affecting them, collecting and disseminating up-to-date and comprehensive market and policy information for the major traded commodities and those important to food security. It also undertakes forward-looking outlook studies. The Division analyses issues that affect global food and agricultural markets and trade, including analysis of trade policies and agreements, and provides technical support and capacity development to FAO Members in all these areas. Through its Global Information and Early Warning System on Food and Agriculture (GIEWS), the Division is responsible for FAO’s early warnings on food shortfalls and food security problems. EST is also responsible for the production of FAO flagship publication The State of Agricultural Commodity Markets (SOCO) and the OECD-FAO Agricultural Outlook. The Division houses the secretariats of the Committee on Commodity Problems (CCP) and its subsidiary Intergovernmental Groups (IGGs), the G20 Agricultural Market Information System (AMIS), and the World Banana Forum (WBF).

The call for expression of interest aims at identifying highly qualified and motivated candidates for the EST divisional roster to support the team responsible for commodity market monitoring and assessment. Please visit https://www.fao.org/markets-and-trade/corporate/en/ for more information.

The position is located the Basic Foodstuffs (BF) team, in the Markets and Trade Division (EST) at FAO headquarters in Rome.

Reporting Lines

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 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, including biannual Food Outlook and monthly AMIS Market Monitor. 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 and assessing national and global supply and demand situations of basic food commodities aforementioned, focusing on selected commodities depending on the requirements of the Division. In particular, the incumbent 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) on both physical and futures markets (as relevant to the commodities) 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 to identify and redress any inconsistencies or discrepancies;
•    Assist with the production of tabulations and graphics for publications and/or presentations in reports ;
•    Draft supply and demand situation and outlook reports, and updates on price and 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 and digital tools 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

•    Advanced University degree in Economics, Agricultural Economics, Agronomy, or a related field.
•    One to four years of relevant experience in qualitative and quantitative economic analysis of agricultural markets, trade and related policies.
•    Working knowledge (proficient – level C) of English.

FAO Core Competencies

•    Results Focus
•    Teamwork
•    Communication
•    Building Effective Relationships
•    Knowledge Sharing and Continuous Improvement

Technical/Functional Skills

•    Strong communication skills, including proven experience in drafting and presenting technical materials.
•    Demonstrated experience in handling large databases and in using statistical software and digital tools;
•    Experience and strong quantitative skills, especially capacity for handling large data sets;
•    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.

 Please note that all candidates should adhere to FAO Values of Commitment to FAO, Respect for All and Integrity and Transparency

 ADDITIONAL INFORMATION

HOW TO APPLY

• To apply, visit the recruitment website at Jobs at FAO and complete your online profile. We strongly recommend that your profile is accurate, complete and includes your employment records, academic qualifications, and language skills
• Candidates are requested to attach a letter of motivation to the online profile
• Once your profile is completed, please apply, and submit your application
• Candidates may be requested to provide performance assessments and authorization to conduct verification checks of past and present work, character, education, military and police records to ascertain any and all information which may be pertinent to the employment qualifications
• Incomplete applications will not be considered
• Personal information provided on your application may be shared within FAO and with other companies acting on FAO’s behalf to provide employment support services such as pre-screening of applications, assessment tests, background checks and other related services. You will be asked to provide your consent before submitting your application. You may withdraw consent at any time, by withdrawing your application, in such case FAO will no longer be able to consider your application
• Only applications received through the FAO recruitment portal will be considered
• Your application will be screened based on the information provided in your online profile
•  We encourage applicants to submit the application well before the deadline date.

If you need help or have queries, please create a one-time registration with FAO’s client support team for further assistance: https://fao.service-now.com/csp

FAO IS A NON-SMOKING ENVIRONMENT