Strengthening Capacity of the Agricultural Market Information System (AMIS) to Enhance Food Market Transparency - GCP/GLO/1135/JPN
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The Agricultural Market Information System (AMIS) was created in 2011 as part of the Group of Twenty (G20) Action Plan on Food Price Volatility and Agriculture. Its principal objectives are to enhance international food market transparency and promote policy coordination in times of market uncertainty. Since its launch, AMIS has become a globally respected source of information on food markets thanks to its regular release of up-to-date, reliable and comparable data. Recent food market shocks, such as those caused by the COVID-19 pandemic and the war in Ukraine, demonstrated the value of the system for helping avert major market instability. However, these crises also revealed several areas in which AMIS could progress, most notably in fostering a better understanding of global input markets and expanding the monitoring work of the Secretariat to other commodities. Stakeholders also felt that the existing system needed to be consolidated, for example, by providing technical assistance to the designated focal points in participating countries and enhancing the visibility and impact of AMIS information products. Against this background, the project aimed to strengthen the capacity of AMIS to respond to future food market shocks.
