As stated on its website, the Agricultural Market Information System (AMIS) was established at the request of the Agriculture Ministers of the G20 “to enhance food market transparency and encourage coordination of policy action in response to market uncertainty.” The initial focus of AMIS was on wheat, maize, rice, and soybeans. The Market Monitor report gives a synopsis of major market developments, and the policies and other market drivers behind them, including global supply-demand outlook, crop monitor, international prices, futures markets, policy developments, and market indicators. Selecting “Indicators” on the navigation bar will direct you to three main sections. The first section is “Prices and Price Volatility,” which shows historical prices/volatility for wheat, maize, rice, soybeans, and The FAO Food Price Index. The next section, Energy and Other Indicators, includes energy and fertilizer prices, in addition to ocean freight rates and dollar indices. The last section, Stocks and Utilization, covers stocks (global inventories) and utilization indicators. Selecting “Statistics” on the navigation bar offers an interactive world map to view market summaries and forecasts.
Resource of the Week: Agricultural Market Information System (AMIS)
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