Supporting the Provision of Timely and Reliable Food Market Data through the Agricultural Market Information System (AMIS) - MTF/GLO/359/MUL
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From 2007 to 2010, international food markets were highly volatile, owing in part to a lack of reliable, up-to-date information on crop supply, demand, stocks and export availability. The extreme price fluctuations of major agricultural commodities slowed progress in the fight against hunger and led to a series of uncoordinated policy decisions that aggravated the turbulence in international markets. To combat and prepare for unforeseen future instances of extreme market volatility, the Group of 20 (G20) called for the creation of the Agricultural Market Information System (AMIS) in June 2011, to “encourage major players on the agrifood markets to share data, to enhance existing information systems…and further policy dialogue and cooperation”. The System was launched shortly thereafter as a means of promoting collaboration for enhanced food market transparency that builds on and complements existing information systems.