Context: 12th session of AMIS Rapid Response Forum met in Chandigarh, India on the margins of 2nd meeting of G20 Agriculture Deputies in 2023.
About Agricultural Market Information System
- AMIS is an inter-agency platform to enhance food market transparency and policy response for food security launched in 2011 by G20 Ministers of Agriculture following global food price hikes in 2007/08 and 2010.
- By enhancing transparency and policy coordination in international commodity markets, AMIS has helped to prevent unexpected price hikes and strengthened global food security.
- It brings together principal trading countries of agricultural commodities, it assesses global food supplies (focusing on wheat, maize, rice & soybeans) and provides a platform for constructive dialogue.
- Membership: Composed of G20 members plus Spain and 7 additional major exporting & importing countries of AMIS crops, representing a large share of global food markets.
Structure of AMIS: AMIS consists of three main bodies:
- Global Food Market Information Group: Composed of technical representatives from AMIS participants to collect market & policy information.
- Rapid Response Forum (RRF): Assembles policymakers to promote early discussion about critical market conditions and ways to address them. In the event of market instability, RRF of AMIS coordinates appropriate policy measures.
- Multiagency Secretariat: Currently, includes 11 international organisations and entities, produces short-term market outlooks, assessment and analyses, and supports all functions of the Information Group and the Rapid Response Forum.
Outputs of AMIS
- Market Monitor: Assessing global market situation and outlook for AMIS crops.
- Indicator Portal: Featuring key measures to identify critical market conditions that might require policy action.
- Market Database: Providing latest forecasts on production, consumption, trade and stocks.
- Policy Database: Compiling information on policies that might impact on global food markets.